Software stocks and the broader Nasdaq Composite rose more than 1% as dip-buyers rushed into the market after days of intense selling.

The U.S. stock market roared back, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

SaaS companies took major hits: Microsoft closed down 2.87%, SAP was down 3.29% this morning on the German market, Salesforce lost 6.85% yesterday and was further down in overnight trading, ServiceNow was down 6.97% yesterday and was marginally lower overnight, also.

It’s also widened to include the industry’s Wall Street backers, from lenders to private equity owners for whom software firms have been popular targets. More than $17.7 billion of US tech company loans in a Bloomberg index dropped to distressed trading levels during the past four weeks.

Major equities indexes closed mixed on a busy earnings Wednesday, with technology shares pulling the Nasdaq and S&P 500 lower for a second straight session.

The memory chip specialist has room to run much higher in the coming year.

It might be hard for investors to feel upbeat while tech stocks are tumbling. But that's exactly how some experts are reacting to the rout.