The cryptocurrency market helped stabilize risk sentiment. Bitcoin reversed part of its earlier sharp decline and climbed 5% to 6% back above the $90,000 level. The move followed a drop of more than 5% on Monday and a wider slide of almost 30% from its early-October record, which had triggered large liquidations in leveraged crypto positions. Ether also advanced, rising more than 7%.
Crypto-linked volatility earlier spilled into equities, especially speculative technology names and retail-heavy trades. However, the latest rebound eased some immediate pressure. Traders noted that exchange-traded funds and highly leveraged strategies still face elevated risk after significant losses during the recent drop.
US technology shares tied to artificial intelligence spending again supported the broader market. AI chip leader NVIDIA rose nearly 2%, while Oracle recovered from previous session losses. AI infrastructure provider Credo Technology surged about 17% after strong earnings, and Astera Labs gained around 6%, extending the AI hardware and connectivity theme.
Investors also monitored corporate-specific moves. Boeing shares jumped after the company outlined expectations for a return to positive free cash flow in 2026.
MongoDB rallied sharply after stronger-than-expected results and an upgraded outlook, while Janux Therapeutics tumbled following trial data that disappointed investors.