Wall Street is coming off a major sell-off in software stocks that drove the S&P 500 to a second straight day of losses.

US indices climb after brutal week for tech. Dow leads with fresh highs, but Nasdaq still struggles below key moving averages. Buyers testing, not chasing.

Equity indexes were flashing warning signs. In today’s session, even dovish data failed to lift sentiment. As profits are taken and stop-losses triggered, price moves can become exaggerated.

The Dow Jones Industrial Average surged 1,206.95 points, or 2.47%, to close at 50,115.67 — its first close above 50,000. The S&P 500 gained 1.97% to end at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21.

The Dow Jones Industrial Average missed out on a stock market rally Tuesday thanks in large part to one very influential component of the 30-stock index.

The outlook for the S&P 500 isn't much brighter than its higher beta tech peer. Another measured move to the downside is forming in the spoos and hinting at a test of the 6,810 level. Any break below will give a pretty nasty look at the bigger picture.

The NASDAQ 100 searches for support at 25,000 as AI‑driven volatility roils tech stocks, while the Dow Jones 30 stays steady and the S&P 500 eyes a breakout above 7,000.

Dow Jones leader Cisco Systems, along with Halozyme, Toll Brothers, and Quanta Services, are in or near buy zones Wednesday.