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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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