US stocks open mixed in last session of winning quarter
- S&P 500 added 0.1% while Nasdaq Composite Index gained 0.3%
Wall Street stocks showed mixed performance early Tuesday, concluding a buoyant semester for US equities driven by the AI boom, despite ongoing geopolitical tensions and rising oil prices.
- The artificial intelligence boom's impact on market gains.
- Geopolitical tensions between the United States and Iran.
- Upcoming jobs report and potential interest rate hikes.
NEW YORK: Wall Street stocks were mixed early Tuesday in a cautious open to the concluding session of a buoyant semester for US equities.
The broad-based S&P 500 has gained nearly nine percent in the first half of 2026, reflecting confidence in the artificial intelligence boom that has offset concerns about the US-Iran war and the surge in oil prices.
About 10 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at 52,075.80.
The broad-based S&P 500 added 0.1 percent at 7,449.12, while the tech-rich Nasdaq Composite Index gained 0.3 percent to 25,890.09.
“For the most part the equity market shrugged off the war and focused primarily on earnings, and estimates continued to rise through the quarter,” said Jack Ablin of Cresset Capital.
Oil prices edged higher early Tuesday after the latest strikes between the United States and Iran over the weekend added to questions about the durability of a memorandum of understanding on ending the war.
US envoys were meeting with Qatari mediators on Tuesday in Doha to discuss negotiations with Iran, but Iran said there are no plans for direct talks with the United States.
Ablin sees Thursday’s monthly jobs report for June as a major focus for the market, with investors cognizant that worries about inflation have lifted the odds of interest rate hikes.
“We’re looking for certainly a modestly positive report, but anything too strong could rattle investors,” Ablin said.
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