The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.81%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.73%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.31%. June E-mini S&P futures (ESM26) rose +0.82%, and June E-mini Nasdaq futures (NQM26) rose +1.35%.
Stock indexes settled higher on Tuesday, with the S&P 500 and Nasdaq 100 posting new all-time highs. The strength in technology stocks and weakness in crude oil prices supported gains in the broader market on Tuesday. Intel surged more than +12% to lead chipmakers higher after Apple said it has held exploratory discussions with Intel, as well as Samsung Electronics, to produce the main processors for its devices in the US. Also, WTI crude fell more than -3% on Tuesday as the ceasefire in the Middle East appears to be holding, easing geopolitical risks.
