Mubasher: The Nasdaq rose on Wednesday, 9 April 2025, as investors bought beaten-down technology stocks in a choppy session centered on tariff moves as China retaliated with more levies on US goods, Reuters reported.

Large technology stocks led the gains, with Apple opens new tab rising 3.3%, while Nvidia opens new tab up 2%.

Meanwhile, the tech sector opens new tab was up 1.5%.

"The reflex to buy the dip is very strong and certainly the wipeout you've seen in tech stocks makes them cheap relative to where they were," Reuters cited Chris Beauchamp, chief strategist at IG.

The S&P 500 opens new tab and the Dow opens new tab, however, edged lower.

At 12:01 p.m. ET, the Dow Jones Industrial Average opens new tab fell 161.21 points, or 0.43%, to 37,484.38.

The S&P 500 opens new tab lost 13.71 points, or 0.28%, to 4,969.06.

The Nasdaq Composite opens new tab gained 58.83 points, or 0.39%, to 15,327.41.

Despite the modest gains, all the three benchmarks were down more than 10% from the levels seen before the reciprocal US tariff were announced last week.

China responded by imposing additional levies of 84% on all US goods from 10 April 2025, up from the 34% previously announced.

Reuters said: “The upcoming earnings season will offer more insights into the health of corporate America as investors fear a hit to economic growth from the tariffs. US banks, including JPMorgan Chase, opens new tab, will report first-quarter results on Friday.”