The S&P 500 Index ($SPX) (SPY) closed unchanged on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.82%. December E-mini S&P futures (ESZ26) fell -0.02%, and December E-mini Nasdaq futures (NQZ26) rose +0.79%.
Stock indexes settled mixed on Tuesday, with the S&P 500 falling from a 5-week high and the Nasdaq 100 reaching a new all-time high. Strength in chipmakers and AI stocks pushed the Nasdaq 100 to a record high, and weaker crude oil prices eased inflation risks and boosted market sentiment. WTI crude oil fell more than -1% on Tuesday to a 3-week low after Japan’s Kyodo News Agency reported that Iran has proposed to reopen the Strait of Hormuz within seven days if the US blockade is lifted.
