S&P 500 Rebounds as Big Bank Stocks Climb, SpaceX Results Loom

The S&P 500 Index rose, erasing its early-session losses, as big banks and healthcare companies climbed. The tech-heavy Nasdaq 100 Index rebounded to a slight gain after South Korean neocloud company Elice Inc. tanked in its trading debut, spurring concern about the sustainability of the global AI boom that continued to weigh on the sector.