US stocks moved modestly higher on Tuesday as investors ******* sed new jobs data and weighed the latest developments in the Middle East and in artificial intelligence.
The Dow Jones Industrial Average (^DJI) added 0.3%, while the benchmark S&P 500 (^GSPC) advanced 0.2%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2%, building on Monday’s record highs.
Alphabet (GOOG) stock edged lower after the company said it aims to raise $80 billion to realize its AI infrastructure plans. Hewlett Packard Enterprise (HPE), meanwhile, reported a record quarter driven by AI data center expansion, sending its stock up more than 20%.
Sentiment improved throughout the morning on Tuesday, following record highs for the major indexes, as prospects of a peace deal in the Middle East remained in focus. On Monday, President Trump intervened in a news cycle that was pointing to a breakdown in US-Iran negotiations, announcing Israel and Hezbollah had agreed to stop attacks. Shortly after, the president added that talks with Iran were continuing “at a rapid pace.”
Oil prices eased, with Brent crude (BZ=F) oil futures falling 0.3% to trade near $94 a barrel, while West Texas Intermediate crude (CL=F) futures dropped below $92 a barrel.
The Dow Jones Industrial Average (^DJI) added 0.3%, while the benchmark S&P 500 (^GSPC) advanced 0.2%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2%, building on Monday’s record highs.
Alphabet (GOOG) stock edged lower after the company said it aims to raise $80 billion to realize its AI infrastructure plans. Hewlett Packard Enterprise (HPE), meanwhile, reported a record quarter driven by AI data center expansion, sending its stock up more than 20%.
Sentiment improved throughout the morning on Tuesday, following record highs for the major indexes, as prospects of a peace deal in the Middle East remained in focus. On Monday, President Trump intervened in a news cycle that was pointing to a breakdown in US-Iran negotiations, announcing Israel and Hezbollah had agreed to stop attacks. Shortly after, the president added that talks with Iran were continuing “at a rapid pace.”
Oil prices eased, with Brent crude (BZ=F) oil futures falling 0.3% to trade near $94 a barrel, while West Texas Intermediate crude (CL=F) futures dropped below $92 a barrel.
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