The US stock market rose to records Tuesday as it caught up with climbs for others around the world from the day before, when President Trump said negotiations were "proceeding nicely" with Iran on ending their war.
- The S&P 500 rose 45.65 points, or 0.6%, to 7,519.12, after trading resumed following Monday's holiday, setting an all-time high.
- The Dow Jones Industrial Average fell 118.02 points, or 0.2%, to 50,461.68.
- The Nasdaq composite rose 312.21 points, or 1.2%, to 26,656.18, setting its own record.
Stock markets in much of the rest of the world pulled back from their gains the day before, as fighting continued in the region and the US military said it carried out "self-defense" strikes in southern Iran, including on missile launch sites and boats placing mines, the
AP reports. Markets have rallied in the past on hopes for a coming end to the war with Iran, only to see the conflict drag on.
Big technology stocks continued their big runs. Micron Technology's stock leaped 19.3% to top $895.88 and was the strongest force lifting the S&P 500 after analysts at UBS led by Timothy Arcuri raised their 12-month price target for the stock to $1,625 from $535. The analysts are forecasting continued strength in demand for computer memory, and Micron's stock has already more than tripled so far this year. It's the latest Big Tech company to top an overall value of $1 trillion and joined such behemoths as Nvidia, Apple, and Microsoft, which have each blown past $3 trillion.
The price for a barrel of Brent crude, the international standard, rose 3.5% to $96.67, but that reclaimed only some of its plunge from Monday. The price for a barrel of US crude oil, meanwhile, fell 2.8% to settle at $93.89. Hopes for a deal to reopen the Strait of Hormuz and improve the flow of oil helped lift stocks of companies with big fuel bills. United Airlines rose 6%, and Norwegian Cruise Line Holdings steamed 4.9% higher.
On the losing side of Wall Street was AutoZone, which dropped 9% after reporting slightly weaker revenue for the latest quarter than analysts expected. CEO Phil Daniele said performance for the retailer's stores in Brazil and Mexico was below its plan, though its overall profit topped analysts' expectations. Lower oil prices helped pull yields down in the US bond market, which eased the pressure on Wall Street. The yield on the 10-year Treasury fell to 4.49% from 4.56% late Friday. It's a respite following recent gains for yields in bond markets worldwide, which threatened to slow economies and undercut prices for stocks and all kinds of other investments.
,
uBlock 
,
and
Ghostery 
)
