The S&P 500 Hit All-time High

The Dow Jones Index went up by 319 points or 0.66 percent on Tuesday to close at 48537 points. The rise was led by Amazon (3.83%), Nvidia (3.75%) and Nike (3.01%). On the downside, the weakerst performers were Chevron (-2.47%), Salesforce (-0.83%) and JPMorgan (-0.80%).

US stocks closed higher for a 2nd consecutive session on Tuesday, with the S&P 500 rising 1.2% to 6,967, its highest level since February 2nd. The Dow Jones gained 318 points and the Nasdaq advanced 2%. Investor sentiment was buoyed by growing optimism that the US and Iran could soon resume talks, raising hopes for a potential agreement to end the conflict and reopen the Strait of Hormuz. Communication services and consumer discretionary stocks led the gains while energy lagged amid a decline in oil prices. Meanwhile, several major banks continued to report their quarterly results. JPMorgan fell 0.7% after revising down its net interest income guidance, while Wells Fargo tumbled 5.7% following disappointing results. J&J rebounded to closed 0.9% higher, after raising its 2026 revenue outlook. BlackRock (+3%) and Citigroup (+2.6%) were also higher on strong earnings, while American Airlines jumped 8% after reports that United Airlines CEO Scott Kirby proposed a potential merger

The Dow Jones Index is up by 226 points or 0.47 percent on Tuesday. Top gainers are Amazon (2.55%), Nvidia (1.54%) and Microsoft (1.49%). Biggest losses came from Chevron (-2.15%), Verizon (-1.87%) and Walmart (-0.92%).