US stocks ended Tuesday's session with a mixed performance, with technology stocks continuing to outperform and the Nasdaq climbing to a new record high , while oil prices came under further downward pressure.
- Dow Jones: 51,863.69 points, down 0.36% , a loss of 185.14 points.
- S&P 500: 7,764.64 points, and remained almost unchanged at 0.00% .
- Nasdaq Composite: 27,244.28 points, up 0.45% , with gains of 122.18 points.
- Nasdaq 100: 30,732.40 points, up 0.82% , with gains of 250.04 points.
- Russell 2000: 2,889.92 points, up 0.51% , with gains of 14.56 points.
Technology drives the market
The technology sector continued to lead performance, as evidenced by the Nasdaq 100's 0.82% rise, while the S&P 500 remained stable and the Dow Jones declined. The Nasdaq also set a new record high.
Oil continues to fall
Oil prices continued to decline for the fifth session, with Brent crude falling to $98.55 a barrel, down 1.78% , while US oil fell to $95.21, a loss of 0.60% .
The pressure on crude prices coincided with a decrease in geopolitical concerns after US President Donald Trump said that American officials held a "very good" meeting with the Iranian delegation that lasted approximately three hours . This raised market hopes for a possible diplomatic breakthrough that could alleviate risks related to energy supplies.
Summary
The session saw a clear shift in momentum towards technology stocks, coinciding with a decline in energy prices. Oil prices falling below $100 for both Brent and WTI crude are easing some inflation concerns, while markets remain highly sensitive to any new developments in US-Iranian negotiations and the trajectory of energy prices.
