Wall Street rises on strong earnings and falling oil prices

boursorama.com (French) —

Wall Street closed mostly higher on Tuesday, driven by strong industrial earnings and falling oil prices, which offset weakness in the technology sector. The Dow Jones rose 1.02%, the S&P 500 gained 0.29%, and the Nasdaq was flat at -0.02%. Investors rotated from AI-related stocks into traditional sectors like industrials, pharmaceuticals, and banks, supported by solid quarterly results and easing oil prices amid hopes of US-Iran dialogue. Defense companies like RTX and Northrop Grumman rose, while Hasbro jumped 11.20% on strong earnings. The 10-year Treasury yield eased to 5.11%, and concerns persisted over AI valuations following a weak Seoul debut for data center firm Elice. SpaceX reported its first profitable quarter, with Meta and Tesla results expected Wednesday.


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