US Stocks Gain for 2nd Session
2026-03-17 20:15
By
Andre Joaquim
1 min. read
US equity indices closed higher on Tuesday, extending the rebound from four-month lows last week on fresh optimism that the halt in energy exports from the Persian Gulf will not translate to stagflation.
The S&P 500 gained 0.3%, the Nasdaq 100 rose 0.5%, and the Dow rose a softer 0.1%.
US and strikes in Iran and the GCC maintained the view that the disruptions to energy exports are likely to remain for the meantime, although equity investors remained optimistic on earnings projections.
Asset managers surged as traders reassessed risks of defaults in large private-sector loans on the software industry.
KKR, Blackstone, Blackrock, and Blue Owl jumped between 3% and 5%.
In turn, Nvidia eased 0.7% despite forecasting $1 trillion in AI chip revenues by 2027.
Also, Qualcomm gained 3% on a higher dividend and a $20 billion share buyback.
The Federal Reserve is set to hold rates unchanged tomorrow, and the SEP is expected to range wide due to the uncertain impact of higher energy prices.