Stock Traders Buy the Dip After Tech-Driven Slide: Markets Wrap

At a time when every dip in stocks is perceived as an opportunity, buyers emerged after a brief pullback led by some of the biggest winners of the artificial-intelligence boom. Bitcoin rallied. Bonds fell.

While Wall Street didn’t see a buying stampede, equities were able to bounce following a slide that underscored worries over how stretched the market has become and how sensitive it is to unfavorable news. Chipmakers, which bore the brunt of the recent selling, jumped on Wednesday.

Dip buyers emerge.

Photographer: Michael Nagle/Bloomberg

“For investors with cash on the sidelines, the recent market pullback seems like a good time to buy, ...