Tuesday’s major U.S. indexes were up at midday as oil prices fell and tech stocks rose. The Nasdaq gained one percent, the S&P 500 gained roughly one percent, and the Dow remained unchanged.
As partner Foxconn touted strong demand for its servers and Nvidia’s artificial intelligence (AI) chips, shares of Nvidia (NVDA) rose.
After S&P Global announced that DocuSign (DOCU) and MDU Resources Group (MDU) were a part of changes in its indexes, their shares rose. MDU is moving to the S&P SmallCap 600 index, bumping Chuy Holdings (CHUY), while DocuSign is expected to take MDU’s place in the S&P MidCap 400 index.
Bernstein analysts upgraded Humana (HUM), claiming that the stock’s recent decline made the shares more appealing.
Marathon Petroleum (MPC) and other oil-related companies saw their shares fall as a result of the decline in oil prices. Freeport-McMoRan (FCX) and other rival miners saw their shares fall as a result of falling gold and other key metal prices.
Short seller Hindenburg Research claimed that Roblox (RBLX) was a dangerous website for children and that the online gaming platform overstated its user data.
The 10-year Treasury note’s yield increased. While the pound gained ground on the euro and yen, the dollar was up against them. The majority of major cryptocurrencies saw lower trade.
