US stock markets staged a mid-session recovery on Thursday, with major indices wiping out early declines to finish in positive territory.
The reversal suggests that investor appetite for risk remains intact, even as the relentless rally driven by artificial intelligence enthusiasm shows signs of fatigue.
The broad-based gains followed a volatile period for Wall Street, which saw heavy selling in the technology sector on Tuesday.
That session ended with a similar mid-day turnaround, as the Dow Jones Industrial Average led a recovery to trade near record highs.
The pattern of intraday reversals indicates that while profit-taking is occurring in high-flying tech names, buyers are stepping in at lower levels.
Market participants appear to be rotating capital rather than exiting equities entirely.