US stocks today: Nasdaq rebounds as chip stocks recover from steep losses, rate fears persist

US stocks saw a rebound in the Nasdaq as chip stocks recovered from steep losses. The move provided a lift to the technology-heavy index, although concerns about interest rates remained part of the market backdrop.

Chip stocks support Nasdaq recovery

The recovery in chip shares marked a reversal from their earlier steep declines. Because chip stocks helped drive the Nasdaq’s rebound, their performance remained central to the session’s market direction.

Rate concerns remain

The improvement in technology shares did not remove broader rate fears. Persistent concern over interest rates continued to accompany the market’s recovery, leaving the rebound set against an unsettled backdrop.

For now, the key developments were the Nasdaq’s recovery and the renewed strength in chip stocks, alongside continued attention to interest-rate concerns.