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U.S. stocks rose on Tuesday as President Donald Trump told the media he expects the U.S. and Iran to make a “great deal” ahead of a ceasefire that’s set to expire Wednesday.
The Dow Jones Industrial Average advanced 192.98 points to 49,635.54, boosted by gains in UnitedHealth and Amazon.
The S&P 500 dropped 12,6 points to 7,121.74.
The NASDAQ recovered 77.87 points to 24,482.26.
The president added, however, that the U.S. military is “ready” to bomb Iran if a deal is not signed by the ceasefire deadline and that he does not want to extend it.
This comes after Trump said earlier Tuesday in a Truth Social post that Iran “Violated the Cease Fire numerous times!”
On Tuesday, UnitedHealth’s first-quarter results surpassed Wall Street’s expectations, which sent shares of the health insurance giant more than 7% higher. The company also hiked its earnings outlook.
Meanwhile, Amazon shares were nearly 2% higher on the heels of the company agreeing to invest up to $25 billion in artificial intelligence startup Anthropic, also aiding the Dow’s outperformance.
Prices for the 10-year Treasury moved lower, raising yields to 4.28% from Monday’s 4.26%. Treasury prices and yields move in opposite directions.
Oil prices took on $1.45 to $91.06 U.S. a barrel.
Gold prices slumbered $39.40 to $4,789.40 U.S. an ounce.
