Nasdaq Closes at Record High for 4th Straight Gain as Oil Drops 1%
Updated
Updated · CNBC · Sep 22
Nasdaq Closes at Record High for 4th Straight Gain as Oil Drops 1%
3 articles · Updated · CNBC · Sep 22
Summary
The Nasdaq Composite rose 0.5% Tuesday to a record close after hitting a fresh intraday high, extending its winning streak to four sessions.
Oil and Treasury yields eased as traders latched onto signs of possible U.S.-Iran de-escalation after Donald Trump said U.S. and Iranian officials held a three-hour "very good" meeting at the U.N.
S&P 500 futures added 0.09% early Wednesday, Nasdaq-100 futures were flat and Dow futures rose 92 points, even after the Dow fell 0.4% and the S&P 500 finished slightly lower Tuesday.
Brent and WTI each slipped about 1%, though energy risks remained in focus after Treasury Secretary Scott Bessent said Washington is weighing a full or partial diesel export ban as pump prices average $6.53 a gallon.
The S&P 500 remains about 0.7% below its all-time high, with investors next watching earnings from General Mills, Paychex and H.B. Fuller.