Wall Street Rebounds From Deep Losses as Dow Leads on Defensive Rotation

US stocks recovered from steep intraday losses as sector leaders eased concerns around AI‑related financial strains, helping major indexes stabilise. The Dow outperformed on defensive rotation, while tech and semiconductors stayed weak. Bond yields fell sharply as investors sought safety.

The rupee strengthened again, and Nifty’s breakout above 22,776 signals improving momentum, with support at 22,776–22,800 and resistance at 23,100–23,150.