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Stocks post back-to-back gains as traders remain optimistic for U.S.-Iran deal: Live updates
Stocks rose on Tuesday following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible.
The S&P 500 gained 1.18% and closed at 6,967.38. The broad market index now stands less than 1% below its 52-week high. The Dow Jones Industrial Average added 317.74 points, or 0.66%, to close at 48,535.99. The Nasdaq Composite advanced 1.96% and ended at 23,639.08.
Technology stocks supported the broader market for another day. Oracle, for example, rose 4.7%, building on the more than 12% gain it saw in the prior trading day. Nvidia and Palantir Technologies also notched a winning session.
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Stocks gain, oil prices sink on US-Iran peace talk hopes
US stocks (^DJI, ^IXIC, ^GSPC) are in positive territory ahead of Tuesday's session close while oil prices (CL=F, BZ=F) fall further. This comes as markets remain optimistic about ongoing talks between the US and Iran.
Yahoo Finance Markets and Data Editor Jared Blikre and Breaking News Reporter Jake Conley take a closer look at the equity and global energy reactions, a full day after President Trump ordered a naval blockade against Iranian ports on the Strait of Hormuz.
Everything is screaming risk on today. So you're going to start with the Dow. It's not a huge movement, but we can see it's up about 270 points or half a 1%. We do like to track the intraday price action. You can see we're red ever so briefly in the opening minutes, but we've held on to these gains for most of the afternoon, even part of the morning there. But it's the Nasdaq which has really been surging here up 1.6%.
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