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Stock Buyers Step In After Tech-Fueled Selloff | Closing Bell
Posted
January 29, 2026
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10:29Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Wall Street saw a sharp bounce from session lows as dip buyers stepped in following a slide driven by concerns over whether the unprecedented spending on artificial-intelligence will justify all that capital. Big moves in commodities saw gold plunging as oil soared. Bitcoin dipped below $84,000.
Gains in economically sensitive shares almost wiped out the drop in the S&P 500, which earlier sank as much as 1.5%. Meta Platforms Inc.’s solid outlook eased worries about its spending plans, sending its shares up 10%. Microsoft Corp. tumbled the most since 2020 on concern it could take a while for AI investments to pay off. Apple Inc. reports results later Thursday.
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