Stock market today: Dow rises, S&P 500, Nasdaq climb as dip buying resumes

US stocks climbed on Tuesday as chip stocks trimmed losses and investors turned their focus to a slew of earnings out this week. The Dow Jones Industrial Average (^DJI) rose 0.9%, and the S&P 500 (^GSPC) gained 0.4%. The Nasdaq Composite (^IXIC) erased its decline, climbing 0.2% after the major averages closed mixed on Monday, as tech stocks rebounded. The AI trade came into focus on Tuesday after Elice (0158S0.KQ), a South Korean data center provider, saw its shares plunge 32% during its public debut in Seoul, underscoring lingering concerns about the health of the AI trade.Investors turned their attention to a fresh round of corporate earnings this week. General Motors (GM) tightened its profit outlook but announced a $20 billion share buyback program. United Airlines (UAL) will report after the close. Streaming giant Netflix (NFLX) will report quarterly earnings after the bell on Tuesday. EV maker Tesla (TSLA) and social media giant Meta (META) are expected to post results on Wednesday. On the economic front, housing starts fell to a four-month low amid soft demand, with mortgage rates remaining elevated. Brent crude futures (BZ=F) fell to $108 per barrel while West Texas Intermediate crude (CL=F) traded below $98.