Tech Stocks Rebound After DeepSeek-Spurred Sellof
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ADP knows any big thing, any small thing, any trendy thing. Even a trendy thing that everyone knows isn't a great idea, but management just wants us to give it a try for a bit can change the world of work. From HR to payroll, ADP designs forward-thinking solutions to take on the next anything. Here's your Closing Bell Brief for Tuesday, January 28th. I'm Danny Lewis for The Wall Street Journal. Tech stocks rebounded a day after China's DeepSeek artificial intelligence model triggered a selloff.

The tech-heavy Nasdaq gained almost 392 points, more than 2%. The S&P 500 rose 55 points, almost a percent. And the Dow Jones Industrial Average advanced 137 points to close at 44,850. Today's rebound suggested that some investors saw the sell-off as a buying opportunity, and that cheap artificial intelligence models like DeepSeek will speed up adoption of the technology.

And some tech stocks that logged big losses yesterday posted solid gains, like chipmaker Nvidia, which gained 8.9% a day after losing 17%, and database giant Oracle, which rose 3.6%. In other individual companies today, shares of General Motors tumbled almost 9% after the automaker reported a $2.9 billion loss last quarter.

The company is also restructuring its manufacturing business to soften the blow of potential U.S. tariffs on imports from Mexico and Canada, where GM also has factories. JetBlue stock fell almost 26 percent after the airline issued tepid guidance for the first quarter. The company is in the midst of a turnaround plan after its efforts to grow by acquiring other carriers were stymied by government lawsuits. And Smithfield Foods entered negative territory in its first trading day following an initial public offering.

Shares in The Pork Producer were down 1.25%. We'll have more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts. In the modern enterprise, the CIO is more than just a technology leader. On the fourth episode of Techfluential, Deloitte's Lou DiLorenzo talks with Tim Buckley, former CEO and chairman at Vanguard, and John Marcante, former CIO at Vanguard and Deloitte's CIO-in-Residence.

Together, they define what tech leadership can look like and how that can impact the C-suite and the board. Where technology and influence converge, new opportunities can emerge. That's Tech Fluential, a podcast from Deloitte and custom content from WSJ.