Stocks rebounded on Tuesday following a losing session on Wall Street, as oil prices eased and investors assessed ongoing tensions in the Middle East.<\/p>\n\n\n\n
The S&P 500 gained 0.97% to settle at 5,751.13, and the Nasdaq Composite rose 1.45% to finish at 18,182.92. The Dow Jones Industrial Average added 126.13 points, or 0.3%, to end at 42,080.37.<\/p>\n\n\n\n
West Texas Intermediate oil futures dropped 4.6% Tuesday as traders monitored Israel’s expected retaliation to Iran missile attacks and U.S. efforts to prevent a wider regional conflict. The move pressured energy stocks, with the S&P sector slumping 2.6%. Marathon Petroleum and Valero Energy shed 7.7% and 5.3%, respectively.<\/p>\n\n\n\n
The war seems to be on the forefront of everybody’s mind. Bigger picture is the election and there are a lot of uncertainties revolving around taxes and how that’s going to impact earnings potentially going forward.<\/p>\n\n\n\n
Technology shares powered higher Tuesday, with Nvidia and Broadcom gaining 4% and 3% respectively. Meta Platforms, Tesla and Microsoft rose at least 1% each, while Palo Alto Networks rallied 5%.<\/p>\n\n\n\n
The start of the new trading month has ushered in a bout of volatility as fears mount of an escalation conflict in the Middle East. Rising bond yields have also weighed on the market, with the rate on the 10-year Treasury topping 4%.<\/p>\n\n\n\n
The market rallied slightly to end last week after a blockbuster jobs report, and the Dow notched a new all-time closing high. However, enthusiasm faded this week as investors reasoned that the Federal Reserve may not be as aggressive with future rate cuts given the labor market’s strength.<\/p>\n\n\n\n
Short-term economic data has further signaled a resilient economy, boosting fears that the central bank may “drag their feet” on interest rate cuts from here.<\/p>\n","protected":false},"excerpt":{"rendered":"
Stocks rebounded on Tuesday following a losing session on Wall Street, as oil prices eased and investors assessed ongoing tensions in the Middle East. The S&P 500 gained 0.97% to settle at 5,751.13, and the Nasdaq Composite rose 1.45% to finish at 18,182.92. The Dow Jones Industrial Average added 126.13 points, or 0.3%, to end …<\/p>\n","protected":false},"author":13,"featured_media":53440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[10587,9895,7587],"class_list":["post-106890","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-middle-east-tensions","tag-nvidia-stock","tag-us-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106890"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106890\/revisions"}],"predecessor-version":[{"id":106893,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106890\/revisions\/106893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53440"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}