The Dow Jones Industrial Average clawed back ground on Thursday after plunging more than 500 points in the previous session. The rebound came as oil prices slid and chip stocks rallied, with Intel leading the charge among semiconductor names.
Wednesday's sell-off marked a volatile turn for the Dow, which had briefly touched a fresh intraday all-time high before reversing sharply lower. The catalyst was the Federal Reserve's latest policy stance, which spooked investors and triggered a broad market retreat.
Thursday's recovery was driven by a rotation into technology and energy-sensitive sectors. Falling oil prices eased inflation concerns, while a surge in chipmakers like Intel signaled renewed risk appetite. The S&P 500 and Nasdaq also posted gains.
Some analysts caution the rebound may be short-lived if the Fed signals further tightening. The market remains sensitive to interest rate expectations, and any hawkish commentary could reignite selling pressure.