The Nasdaq composite surged on Tuesday, putting the tech-heavy index on track to snap a five-week losing streak. The rally came as major technology stocks regained momentum, lifting the broader U.S. market for a second consecutive day. Investors appeared encouraged by signs of stabilization in the tech sector after weeks of heavy selling pressure.

The index's rebound follows a period of volatility that saw tech stocks among the hardest hit as investors reassessed valuations amid rising interest rates and inflation concerns. The Nasdaq's five-week slump had been one of the longest in recent memory, with investors rotating out of high-growth tech names into more defensive sectors. Tuesday's gains suggest some stabilization may be taking hold.

The rally in technology shares helped push broader market indexes higher, with the S&P 500 and Dow Jones Industrial Average also posting gains. Market participants are watching closely to see if this represents a sustainable turnaround or merely a temporary bounce in what remains a challenging environment for growth stocks.