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U.S. Stocks End Tuesday on High Note
(MENAFN) U.S. equity markets rallied Tuesday as traders appeared to set aside concerns over Washington's recent military action in Venezuela, propelling major benchmarks to fresh gains.
The Dow Jones Industrial Average surged 484.9 points, climbing 0.99% to close at an unprecedented 49,462.08—a new all-time peak.
The tech-heavy Nasdaq advanced 151.35 points, or 0.65%, finishing at 23,547.17. Meanwhile, the S&P 500 rose 42.76 points, adding 0.62% to settle at 6,944.81.
The Volatility Index (VIX)—Wall Street's anxiety gauge—declined 1.01% to 14.75, signaling diminished investor unease.
This marked the second consecutive session of market strength following weekend operations in Venezuela that resulted in the apprehension of President Nicolas Maduro and first lady Cilia Flores.
President Donald Trump announced Sunday that major American petroleum corporations would reconstruct Venezuelan infrastructure through private capital deployment, requiring no federal funding.
"The big oil companies (are) going to go in and they're going to fix the infrastructure. They're going to invest money. We're not going to invest anything. We're going to just take care of the country," he said.
Energy giant Chevron shares tumbled over 4% Tuesday, erasing most of Monday's approximately 5% rally. The stock nonetheless retained gains exceeding 3% from the prior week.
Amazon, a member of the elite "Magnificent Seven" technology cohort, lifted all three primary indices by more than 3%. Artificial intelligence-focused equities including Micron Technology and Palantir Technologies also bolstered broader market performance. Palantir climbed over 3%, while Micron soared roughly 10%.
Ford shares jumped more than 2.5% Tuesday
The Dow Jones Industrial Average surged 484.9 points, climbing 0.99% to close at an unprecedented 49,462.08—a new all-time peak.
The tech-heavy Nasdaq advanced 151.35 points, or 0.65%, finishing at 23,547.17. Meanwhile, the S&P 500 rose 42.76 points, adding 0.62% to settle at 6,944.81.
The Volatility Index (VIX)—Wall Street's anxiety gauge—declined 1.01% to 14.75, signaling diminished investor unease.
This marked the second consecutive session of market strength following weekend operations in Venezuela that resulted in the apprehension of President Nicolas Maduro and first lady Cilia Flores.
President Donald Trump announced Sunday that major American petroleum corporations would reconstruct Venezuelan infrastructure through private capital deployment, requiring no federal funding.
"The big oil companies (are) going to go in and they're going to fix the infrastructure. They're going to invest money. We're not going to invest anything. We're going to just take care of the country," he said.
Energy giant Chevron shares tumbled over 4% Tuesday, erasing most of Monday's approximately 5% rally. The stock nonetheless retained gains exceeding 3% from the prior week.
Amazon, a member of the elite "Magnificent Seven" technology cohort, lifted all three primary indices by more than 3%. Artificial intelligence-focused equities including Micron Technology and Palantir Technologies also bolstered broader market performance. Palantir climbed over 3%, while Micron soared roughly 10%.
Ford shares jumped more than 2.5% Tuesday
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