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2026-07-28T20:39:01.485Z

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U.S. stocks fluctuate amid earnings and lower oil

U.S. stocks fluctuate amid earnings and lower oil

U.S. stock indices rose at the close of trading on Tuesday, supported by strong earnings reports from companies such as Sherwin-Williams and Coca-Cola. Oil prices declined following discussions about the Strait of Hormuz involving Iran, Saudi Arabia, and Oman. Although the Dow Jones rose by 1%, the Nasdaq index declined, and semiconductor stocks continued to fall by more than 3%, with Micron's share dropping by 10%. Oil prices fell significantly, with West Texas Intermediate dropping below $78, and Brent crude falling to around $83, reflecting a shift among investors toward traditional sectors rather than technology, amid anticipation of the Federal Reserve’s decision on interest rates.

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