Wall Street Stocks Touch Records On Upbeat Earnings, Dip In Oil

GLOBAL MARKET - NEW YORK. U.S. and global stocks jumped on Tuesday, taking heart from a series of robust earnings, while oil prices eased despite still-simmering hostilities between the U.S. and Iran over the Strait of Hormuz.

On Wall Street, the S&P 500 and Nasdaq notched record high closes on Tuesday, lifted by Intel and other AI-related stocks. The Dow Jones Industrial Average also rose 0.73%, with the S&P 500 adding 0.8%, and the Nasdaq Composite about 1% higher.