Nasdaq Surges: Tech Stocks Lead Late Rally

The Nasdaq Composite experienced a significant late-day rally on Tuesday, successfully breaking a three-day losing streak. This resurgence was primarily propelled by substantial gains from influential large-cap technology stocks, such as Tesla, Meta Platforms, Nvidia, and Microsoft, highlighting their market sway.

Earlier in the trading session, both stock and bond markets exhibited a period of sideways movement. This stability was disrupted by the release of the November nonfarm payrolls report, which presented a mixed economic picture with stronger-than-anticipated job growth figures.

Adding complexity to the economic outlook, the same report revealed an unexpected increase in the unemployment rate. This dual-natured data contributed to the market's initial indecision, with investors assessing the implications of both robust job creation and a rising unemployment figure.