Stocks halted a back-to-back slide on Tuesday with a rally in big tech.
The rally signaled that the U.S. economy remains strong even as interest rates rise.
The S&P 500 climbed 1%, with Tesla Inc. rallying after a 6% plunge.
Snowflake Inc. stocks also rose on the company’s artificial intelligence-related partnership with Nvidia Corp. — which halted a four-day drop.
