By STAN CHOE<\/p>\n
NEW YORK (AP) \u2014 Big Tech and other superstars of the U.S. stock market are rallying on Monday, as Wall Street recovers much of its loss from last week<\/a>.<\/p>\n The S&P 500 climbed 1.2% to claw back more than two-thirds of its first weekly loss in the last four. The Dow Jones Industrial Average was up 183 points, or 0.4%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 1.9% higher. <\/p>\n Nvidia<\/a> was by far the strongest force pushing the market upward and rose 4%. It and other winners in the frenzy<\/a> around artificial-intelligence technology had been at the center of last week\u2019s drop. Critics say their stock prices shot too high<\/a> and too fast in the mania around AI<\/a>, drawing comparisons to the 2000 dot-com bubble that ultimately burst.<\/p>\n Taiwan Semiconductor Manufacturing Co., which makes chips for Nvidia and other companies, saw its stock that trades in United States rise 3.1% after saying its revenue climbed nearly 17% in October from a year earlier. While such growth is strong compared with other companies, it\u2019s a slowdown from TSMC\u2019s earlier performance.<\/p>\n Another AI darling, Palantir Technologies, jumped 8% for the biggest gain in the S&P 500. <\/p>\n The gains for tech helped offset losses across much of the rest of the market, as the majority of stocks within the S&P 500 index sank. <\/p>\n Health insurers fell as uncertainty remains about whether Washington will extend expiring health care tax credits, a sticking point in the disagreement on Capitol Hill that\u2019s created the longest-ever shutdown for the U.S. government.<\/p>\n That\u2019s even though the Senate took the first steps<\/a> on Sunday to end the shutdown. <\/p>\n President Donald Trump suggested in a social media post over the weekend \u2014 with few details \u2014 that the subsidies being sent to the \u201cmoney sucking\u201d insurance companies should instead be sent directly to people so they can buy their own health insurance.<\/p>\n Humana fell 2.6%, and Cigna slipped 0.7%. <\/p>\n The effects of the government\u2019s shutdown have become more apparent following the cancellations of thousands of flights<\/a> over the weekend. Towers are facing shortages as some air traffic controllers \u2014 unpaid for weeks \u2014 have stopped showing up for work. <\/p>\n Besides the pain at airports, the U.S. government\u2019s shutdown has also delayed many important reports on the economy. A resumption could upset financial markets if the released logjam shows data that dashes traders\u2019 expectations for coming cuts to interest rates. <\/p>\n The wide expectation is that the Federal Reserve will continue to cut<\/a> its main interest rate in hopes of shoring up what has been a slowing job market<\/a>. Wall Street loves lower interest rates because they can give the economy a boost while also pushing prices for investments upwards. <\/p>\n