Stocks closed higher on Tuesday, helped by signs of easing inflation, which boosted investor hopes that the Federal Reserve can hold off on rate hikes for the moment.
Stocks closed higher on Tuesday, helped by signs of easing inflation, which boosted investor hopes that the Federal Reserve can hold off on rate hikes for the moment.
President Donald Trump said he planned to reinstate what he called a blockade on Iranian shipping, sending oil prices higher and stocks lower on Monday.
A decline in chip stocks and a spike in oil prices dragged the market down on Tuesday. The Nasdaq lost more than 1%, while the Dow pulled back from 53,000.
The Dow Industrials posted its first close above 53,000 on Monday, and the Nasdaq Composite ended the session higher as chip stocks staged a comeback.
The Dow rose more than 300 points on Monday to post its first close above 52,000. Alphabet, a new addition to the 30-stock index, jumped almost 5%.
A global rout in tech stocks led to the S&P 500 falling 1.4% and the Nasdaq Composite tumbling 2.2% on Tuesday. Micron Technology suffered a 13% slide.
A sell-off in tech giants and a roughly 5% decline in Alphabet dragged down the S&P 500 and the Nasdaq Composite on Monday.
Oil prices fell Tuesday, giving the Dow Industrials a tailwind and briefly lifting the index above 52,000. A sell-off in tech, however, weighed on the S&P 500.
The S&P 500 and Nasdaq Composite fell in Tuesday's trading as chip stocks went back to their losing ways.
Semiconductor stocks made a comeback, lifting the S&P 500 and the Nasdaq Composite into positive territory Monday.
A rally in tech stocks helped the market overcome the drag of higher oil prices and lifted the S&P 500 to a new all-time high and a closing record Monday.
A rally in the tech sector — led by Micron Technology — lifted the S&P 500 and the Nasdaq Composite to fresh all-time highs and closing records Tuesday.
The major averages slid on Tuesday, with the S&P 500 falling for a third session, as Treasury yields rose.
The S&P 500 and the Nasdaq Composite closed lower for a second session on Monday as the tech sector slid. Shares of Micron Technology lost nearly 6%.
The S&P 500 pulled back from its record on Tuesday as higher oil prices and a hot consumer inflation report kept stocks under pressure.
Investors looked past another setback in the Middle East on Monday, as the S&P 500 ticked higher for its first close above 7,400.
The S&P 500 and Nasdaq Composite rose to fresh records on Tuesday, powered by falling oil prices and solid quarterly earnings reports.
The major averages sold off on Monday, with the Dow Industrials losing more than 550 points as oil prices rose and investors grew worried about the Middle East.
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