The Dow surged on Tuesday, as upbeat earnings reports and easing oil prices helped Wall Street shake off lingering weakness in AI stocks. The blue-chip index jumped 529 points, helped by strong post-earnings gains from 3M (MMM) and RTX (RTX). The S&P 500 finished modestly higher as well, while the Russell 2000 scored its best single-day percentage gain since Aug. 4. The tech-heavy Nasdaq settled quietly lower.
Oil Finishes Lower After Earlier Spike
Oil prices fell as investors monitored U.S.-Iran tensions, pulling back from their dramatic surge earlier in the session. Expiring today, November-dated West Texas Intermediate (WTI) futures dropped 1.8% to close at $101.79 per barrel. WTI crude for December delivery was down 0.7% at $97.82 per barrel.
Gold prices inched lower once again. Per CNBC, gold prices are down roughly 22% since the start of the Iran war. December-dated gold futures fell 0.4% to $4,142.60 per ounce.
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