Wall Street ticks higher as AI stocks recover more losses and oil prices ease

U.S. stocks edged higher on Tuesday as AI shares rebound from last week’s losses while oil prices eased. The S&P 500 rose 0.2%, staying within roughly 2.5% of its all-time high set last week. The Dow Jones Industrial Average gained 195 points, or 0.4%, as of 10:15 a.m. Eastern time, and the Nasdaq composite hovered near flat. Micron Technology advanced 0.7%, a day after a 9.9% jump and a 13.3% slide earlier this week, underscoring AI’s volatile backdrop. Nuvalent surged 38.8% after GSK agreed to buy the biotech for $10.6 billion, with GSK shares trading modestly higher.