US Stock Market Today: NASDAQ 100 Eyes Longest Winning Streak Since 2021 as Oil Prices Slide Further
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US stocks rose as easing oil prices and fresh hopes for US-Iran talks lifted market sentiment, with the NASDAQ 100 moving toward its longest winning streak since 2021. The S&P 500 and Dow also gained, while softer US producer price data and gains in Bitcoin and gold kept investors focused on both diplomacy and earnings.
US stocks rose on Tuesday, lifted by lower oil prices and renewed hopes for US-Iran talks. The NASDAQ 100 gained 0.9%, the S&P 500 rose 0.7%, and the Dow Jones Industrial Average added 0.5%. Oil prices pulled back sharply, with West Texas Intermediate crude falling 4.8% to $94.31 a barrel. Reports of potential US-Iran talks supported risk appetite. US producer prices rose less than expected in March, despite higher energy costs. The yield on 10-year Treasuries fell two basis points to 4.28%. Major financial firms reported first-quarter results, with Citigroup rising 1.9% after reporting its highest quarterly return in five years.
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