Falling oil prices calm markets, lifting S&P 500 closer to record high

Falling oil prices on Tuesday helped calm bond markets and support stocks, with the S&P 500 rising 0.3% closer to its all-time high)Skip to content Falling oil prices on Tuesday helped calm bond markets and support stocks, with the S&P 500 rising 0.3% closer to its all-time high. The Dow Jones Industrial Average added 160 points, and the Nasdaq composite climbed 0.7%. Brent crude fell 3.6% to $87.27 per barrel, its second decline after 13 gains in 14 days, despite new U.S. sanctions on Iran. The drop eased inflation worries, pulling the 10-year Treasury yield down to 4.63% from 4.70%. Nvidia rose 2.2% ahead of its quarterly results Wednesday, while Dick's Sporting Goods plunged 30.7% on weak earnings. Consumer confidence weakened more than expected, and global indexes drifted modestly higher.