The S&P 500 and Nasdaq settled quietly higher on Tuesday, the latter snapping a four-day losing streak after reversing earlier losses. The Dow also enjoyed a modest gain as financial stocks made up for some of today's tech sector weakness. AI disruption fears remain, however, with industries from software to real estate potentially implicated. While the Cboe Volatility Index (VIX) settled lower as the major benchmarks made headway, it marked its fourth consecutive close above 20.
Oil Falls as U.S., Iran Make Progress on Nuclear Talks
Oil prices settled lower on Tuesday, after Iran’s foreign minister said there was progress in nuclear talks with the U.S. March-dated West Texas Intermediate (WTI) crude shed $1.23, or 1.8%, to settle at $67.42 barrel.
Gold prices fell alongside silver, with several mining stocks gapping lower as investors eyed delayed economic data. April-dated gold futures fell 3% to settle at $4,889.30 per ounce.
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