Market Summary

US Stock Markets

On Tuesday, major US stock market benchmarks showed muted performance, following significant declines on Monday due to artificial intelligence (AI) concerns. At 09:31 a.m. ET, the Dow Jones Industrial Average fell 7.93 points, or 0.01%, to 48,789.46. The S&P 500 lost 4.18 points, or 0.06%, to 6,832.89, while the Nasdaq Composite gained 2.66 points, or 0.02%, to 22,635.01.

Bond Market

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The yield on the 10-year Treasury rose to 4.04% from 4.03% late on Monday.

Key Stock Movers

• Advanced Micro Devices (AMD) shares climbed 6.8% following a multi-year deal to supply chips to Meta Platforms for AI ambitions.
• Meta Platforms slipped 1.2%.
• IBM stock recovered 4.1% after a significant decline on Monday.
• Blue Owl Capital shares lost 1.2%.
• Home Depot stock surged 3.8% after reporting stronger profit and revenue than expected.
• Keysight Technologies stock soared 18.1% after topping analysts' expectations for quarterly profit and revenue.

Commodity Markets

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• Gold prices fell 2.1% to $5,119.67 per ounce due to profit-taking and a firmer US dollar.
• US gold futures for April delivery lost 1.7% at $5,138.30.
• Silver fell 2% to $86.45 per ounce.
• Platinum slipped 1.6% to $2,119.29 per ounce.
• Palladium lost 1.4%, to $1,719.29.

Oil Market

• Brent crude futures rose 38 cents, or 0.5%, to $71.87 a barrel.
• US crude futures climbed 40 cents, or 0.6%, to $66.71 a barrel.
• Oman's Foreign Minister Badr Albusaidi announced that Tehran and Washington will hold a third round of nuclear talks on Thursday in Geneva.