U.S. equities advanced on Tuesday, with the tech-focused Nasdaq 100 leading gains as oil prices and Treasury yields declined, offsetting losses from the week’s opening session.
The Dow Jones Industrial Average rose 0.12% to 53,479 points, extending modest gains from the prior day. The S&P 500 climbed 0.39% to 7,683 points, while the Nasdaq 100 surged 0.96% to 29,301 points, outperforming broader benchmarks.
Declining oil prices and easing Treasury yields provided support to equities, particularly in the technology sector. West Texas Intermediate crude fell below $80 per barrel, easing pressure on inflation expectations and reducing input costs for energy-intensive industries. The 10-year U.S. Treasury yield also softened, contributing to a more accommodative financial backdrop.
Nvidia shares, which had lagged in recent sessions, rebounded ahead of the chipmaker’s quarterly earnings report scheduled for Wednesday evening. The company’s stock had underperformed as investors awaited clarity on demand for its artificial intelligence-driven graphics processing units.
The broader market recovery followed a mixed start to the week, during which both the S&P 500 and Nasdaq 100 had posted losses amid cautious trading.
