Business · Markets · 3 hrs ago

Wall Street closes mixed as oil prices fall and Treasury pressure eases

Wall Street closes mixed as oil prices fall and Treasury pressure eases

US stocks ended Tuesday mixed, with the Dow and S&P 500 higher and the Nasdaq slightly lower.

Oil prices fell after reports of possible US-Iran diplomatic progress, helping ease pressure on Treasury yields.

The shift helped improve investors’ appetite for risk and reduced worries about the cost of expanding AI infrastructure.

Semiconductor and bank shares rose, while individual companies moved in response to their business news and earnings.

The Dow gained 1.02%, the S&P 500 rose 0.29%, and the Nasdaq slipped 0.02%.

Investors were also watching for company results, including from SpaceX, Netflix and United Airlines.

Those updates could offer more information about business performance and, for SpaceX, its planned investment in AI.

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What people are saying

Diplomat involved in the negotiationsDiplomat
Reports that a peace agreement between the US and Iran was imminent were inaccurate, but talks on an agreement were continuing.
via Handelsblatt
Charles Schwab analystsAnalysts
The market's focus on Netflix should be on customer engagement and retention, after the company said in July that it remained healthy.
via CNN Brasil
SpaceX, which went public in June, may provide updates on its AI investment plans.
via CNN Brasil