Stocks Mixed as Oil Retreats on Iran Deal Hopes, Yields Dip

Barchart··USIRPK·Read original
2▲3 ▼1Impact / 5
Summary · why it matters

U.S. stock indexes were mixed on Tuesday as crude oil prices reversed early gains on signs of progress in U.S.-Iran talks over the Strait of Hormuz, pulling bond yields lower. The S&P 500 edged up 0.04%, the Dow rose 0.32%, and the Nasdaq 100 slipped 0.07%. WTI crude gave up an overnight advance of more than 2% after Pakistan's defense minister said signals suggest an agreement is near, while the 10-year Treasury yield fell 2 basis points to 4.68%. Chipmakers and AI-infrastructure stocks provided support, with ASML and KLA up over 4%, while software names lagged. In earnings, Cardinal Health gained over 4% after beating estimates and issuing strong guidance, while ON Holding tumbled more than 21% on disappointing sales.

Impact on assets 32

Semiconductors▲
KLA Corporation
KLAC
▲ PositiveDemandrelevance

Chipmakers and AI-infrastructure stocks provided support

Artificial Intelligence▲
Cloud & Digital Infrastructure▲
Consumer Discretionary▼
Cybersecurity & Digital Trust▲
Health Care▲
Defense & Geopolitical Fragmentation▲
Information Technology▲
Digital Finance & Tokenization▲
Space Economy▲
Energy Transition & Power Demand▲
Others▲