Wall Street rises as oil-driven tech rally lifts stocks

boursorama.com (French)

Wall Street closed higher on Tuesday, driven by falling oil prices that eased bond yields and sparked a rally in technology stocks, ahead of Nvidia's highly anticipated earnings. The Dow Jones rose 0.30%, the Nasdaq gained 0.66%, and the S&P 500 advanced 0.32%. Oil prices dropped over 3% despite new US sanctions on Iran, as analysts suggested the conflict may be entering a "cold war" phase. The 10-year Treasury yield fell to 4.62% from 4.70%. Tech firms like Dell, AMD, and Micron gained, with Nvidia up 2.19% before its results. Investors also await the Federal Reserve's Jackson Hole symposium for monetary policy clues. Dick's Sporting Goods plunged 30.68% on weak earnings, while automakers showed mixed results despite Canadian tariff retaliation.


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