Explained – Why Dow Jones rose nearly 550 points on Tuesday but Nasdaq 100 fell 1%

This rotation out of chip stocks was also evident as investors chose to buy the beaten down software stocks, as shares of Accenture and Cognizant gained 7% each, while those of Salesforce and Adobe were also up 4.5% each. The US-listed shares of Indian IT services giant Infosys, were also up 5.5% overnight. 

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