Wall Street nears records as US stocks catch up to global gains
U.S. stocks are approaching record highs as the S&P 500 and Nasdaq reach new peaks amid ongoing negotiations regarding the Iran War. The Dow Jones Industrial Average experienced a slight decline, while oil prices fluctuated due to the conflict's impact on supply. Despite concerns over inflation and consumer confidence, many companies reported better-than-expected earnings, contributing to the market's resilience.
- ▪The S&P 500 rose 0.4 percent and the Nasdaq composite increased by 0.8 percent, while the Dow Jones fell by 0.2 percent.
- ▪Oil prices have been volatile, with Brent crude rising 4.1 percent to $100.10 after a significant drop the previous day.
- ▪Micron Technology's stock surged 16.5 percent after analysts raised their price target, reflecting strong demand for computer memory.
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=Traders work on the floor of the New York Stock Exchange on Wall Street on Tuesday in New York City. The S&P 500 and Nasdaq rose to new highs as shaky Iran War negotiations Continue. UPI-YonhapNEW YORK — The U.S. stock market is ticking toward records Tuesday as it catches up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war.The S&P 500 rose 0.4 percent after trading resumed following Monday’s holiday. The Dow Jones Industrial Average was down 111 points, or 0.2 percent, as of noon Eastern time, and the Nasdaq composite was 0.8 percent higher.
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