Dow futures surge 500 points as oil dives on report Iran war nearing end, AMD jumps: Live updates
Buoyed by solid earnings and lower oil prices, the S&P 500 and Nasdaq Composite both reached new intraday and closing highs on Tuesday.
AI Summary
The S&P 500 and Nasdaq Composite both reached fresh record highs on Tuesday, driven by strong earnings results with 85% of reported S&P 500 companies beating expectations and lower oil prices. S&P 500 futures rose 0.2% in extended trading, while notable movers included AMD climbing 15% on strong forward guidance and Super Micro Computer gaining 18% on better-than-expected fiscal fourth quarter guidance. Market gains were also supported by comments from Defense Secretary Pete Hegseth regarding a U.S.-Iran ceasefire and shipping lane safety.