US Stock Market Today: NASDAQ Hits Fresh Record High as Oil Pullback Supports Wall Street Market Rebound
The NASDAQ hit a record high as Wall Street rebounded on Tuesday, supported by strong earnings from several companies and a pullback in oil prices. The Dow Jones Industrial Average rose 0.51% to 49,192.85, while the S&P 500 gained 0.67% to 7,248.73.
Wall Street rebounded on Tuesday as US stocks moved higher. The Dow Jones Industrial Average rose 250.95 points to 49,192.85, while the S&P 500 gained 47.98 points to 7,248.73. The NASDAQ Composite added 206.72 points to 25,274.52, touching a new intraday record. Strong earnings from companies such as Archer-Daniels-Midland, DuPont, and Pinterest supported the market. Intel surged after reports of early chipmaking talks with Apple. Oil prices fell despite fresh US-Iran tensions around the Strait of Hormuz, with Brent crude dropping about 1.6% to remain above $110 per barrel.
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