The NASDAQ rose to a fresh all-time intraday high on Tuesday, while the S&P 500 was relatively unchanged as traders continued to keep an eye on developments between the U.S. and Iran.
The Dow Jones Industrials slid 185.14 points to 51,863.69
The S&P 500 index dipped 0.06 points to 7,764.64.
The NASDAQ Composite surged 122.18 points to 27,244.28, yet another all-time high.
The tech-heavy NASDAQ was supported by a 7% gain in shares of Sandisk following a bullish call from Rosenblatt.
Traders’ attention will turn to this week’s summit in Washington, D.C. between President Donald Trump and Chinese leader Xi Jinping. Artificial intelligence, the Iran war, tariffs and rare earth metals are expected to be among the key topics covered in the meeting.
Treasury Secretary Scott Bessent convened with Chinese Vice Premier He Lifeng prior to Xi’s visit to the U.S.
Addressing the United Nations General Assembly Tuesday, said that he has a “big decision” to make on whether to pursue a deal with Iran or “annihilate” the country.
He also said that he believes “we’ll make a deal right after the election because it doesn’t make sense for them not to,” adding that “they’re waiting to see how I do in the midterm election.”
Prices for the 10-year Treasury were stationery, keeping yields Monday’s 4.95%.
Oil prices dipped 57 cents to $95.21 U.S. a barrel.
Gold prices hiked $15.10 to $4,399.00 U.S. an ounce.
