Wall Street edges up as oil and yields ease; chip stocks rebound

New York stocks traded moderately higher on Tuesday, supported by falling oil prices and bond yields. The Nasdaq 100 gained 0.45 percent, while the Dow Jones rose 0.14 percent. Oil prices extended losses after US Treasury Secretary Scott Bessent's speech lacked concrete measures on Iran sanctions. Nvidia shares recovered 1.8 percent ahead of its earnings report, with other chip stocks like Marvell Technology gaining 5 percent. Moderna jumped nearly 14 percent after an analyst upgraded the stock, while Dicks Sporting Goods plunged 29 percent on a lowered outlook. Merck reached a record high.