U.S. stocks opened higher Tuesday, with the Nasdaq Composite hitting a fresh intraday record as falling oil prices and renewed enthusiasm around artificial intelligence kept Wall Street’s reb
U.S. stocks opened higher Tuesday, with the Nasdaq Composite hitting a fresh intraday record as falling oil prices and renewed enthusiasm around artificial intelligence kept Wall Street’s rebound alive.
The Dow Jones Industrial Average rose 253 points, or 0.49%, to 52,301.92 at the open, while the S&P 500 gained 0.08% to 7,770.81. The Nasdaq added 0.14% at the bell before climbing to roughly 27,224, above its previous intraday record from June 1, according to Reuters.
The gains extend Monday’s S&P 500 and Dow rebound, when lower crude prices and falling Treasury yields eased some of the inflation pressure that had weighed on stocks earlier this month.
AI Stocks Keep the Nasdaq MovingTechnology remains the strongest part of the market.
Monday’s rally pushed AMD above a $1 trillion market capitalization, while Intel, Arm and other semiconductor names also climbed as investors returned to the AI trade. The broader move followed fresh evidence that physical chip demand remains strong, including record South Korean semiconductor exports.
Meta has added to the momentum after its Muse AI assistant attracted strong investor interest, while the company is also expanding infrastructure through its newly announced 1-petabit U.S.-France undersea cable.
The result is a market where AI stocks are once again offsetting weakness elsewhere.
Falling Oil Is Still a Major TailwindOil remains one of the most important macro drivers.
Brent slipped below $100 per barrel, while the U.S. 10-year Treasury yield eased toward 4.93%. Reuters linked the move partly to signs of possible diplomatic progress involving the U.S. and Iran, alongside improved energy flows from the Gulf.
Lower oil reduces one of the biggest inflation risks facing investors after crude recently surged above $100 and helped push Treasury yields above 5%.
That pressure had become especially important after the Federal Reserve’s first rate increase since 2023 sent the Dow down more than 600 points.
