U.S. Stocks Reverse Early Losses as Tech Rebound Fuels Turnaround

U.S. equities staged a sharp reversal on May 28, 2026, erasing steep early declines to close higher. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all recovered from session lows, with the Nasdaq leading gains as megacap technology stocks rebounded. Initial selling was triggered by a hotter-than-expected durable goods orders report, which stoked concerns that the Federal Reserve might delay interest-rate cuts. The Dow fell as much as 350 points before turning positive. Apple and Microsoft each rose more than 1.5%, lifting market sentiment. Trading volume was elevated during the late-session surge, signaling institutional buying. The turnaround extended the S&P 500’s weekly advance, underscoring resilient dip-buying appetite despite lingering macroeconomic uncertainty.