Stock Market Today: Dow Surges Over Trump’s Olive Branch; Oil Prices Higher

he Dow Jones Industrial Average and other major stock indexes traded sharply higher Tuesday on President Donald Trump’s latest proposal for ending the Iran war. Oil prices were higher on the stock market today.

After the opening bell, the Dow Jones Industrial Average rose 0.9%, as the S&P 500 climbed 1.2%. The tech-heavy Nasdaq composite moved up 1.5% in morning trading.

Amid Trump’s latest comments, U.S. oil prices were higher early Tuesday. West Texas Intermediate crude climbed past $103.50 a barrel after peaking close to $107 in overnight trading. Brent crude, a global benchmark, was up more than 5%, moving near the $119 mark.

Also, the 10-year Treasury yield declined to 4.3%. And bitcoin rose to around $66,800.

Among exchange-traded funds, the Invesco QQQ Trust (QQQ) gained 1.3% as the SPDR S&P 500 ETF Trust (SPY) added 1.2% after Tuesday’s market open.

Nasdaq 100 Winners, Losers: Arm, Meta, Constellation

Among the Nasdaq 100 stocks, Arm Holdings (ARM) and Meta Platforms (META) jumped 5% and nearly 4%, respectively, making them some of the best performers just after the market open.

On the downside, Constellation Energy (CEG) tumbled more than 7% in morning action.

Marvell Stock Soars On Nvidia Investment

Shares of Marvell Technology (MRVL) surged nearly 9% after artificial intelligence giant Nvidia (NVDA) announced its plans to invest $2 billion in the semiconductor leader.

“The inference inflection has arrived. Token generation demand is surging, and the world is racing to build AI factories,” said Nvidia Chief Executive Jensen Huang. “Together with Marvell, we are enabling customers to leverage Nvidia’s AI infrastructure ecosystem and scale to build specialized AI compute.”

Nvidia shares climbed 1.5% Tuesday morning.

Stock Market Today: Trump’s U.S.-Iran War Comments

Late Monday, Trump reportedly told aides he’s willing to end the U.S.-Iran war even if the Strait of Hormuz remains largely closed, according to the Wall Street Journal, citing administration officials.

Meanwhile, Bloomberg reported Tuesday that Iran struck a Kuwaiti oil tanker in Dubai waters in a drone attack.

Earnings Movers: FactSet, McCormick

Earnings movers Tuesday morning are FactSet (FDS), McCormick (MKC) and TD Synnex (SNX).

FactSet stock surged more than 5%, while McCormick shares gained nearly 3% in early morning trading. TD Synnex shares rallied more than 1% in premarket trading.

Late Tuesday, Dow Jones retail giant Nike (NKE) is set to report. Shares closed Monday more than 36% off their 52-week high, but they rose more than 1% premarket Tuesday.

Stock Market Today: Key Economic Data

Due out at 10 a.m. ET is the Conference Board’s consumer confidence report. The Consumer Confidence Index is seen falling to 88.5 in March vs. 91.1 in February and 89.0 in January, according to Econoday estimates.

Meanwhile, the Labor Department’s Job Openings and Labor Turnover Survey for February is also anticipated at 10 a.m. ET. In January, job openings came in at 6.946 million.

BY: SCOTT LEHTONEN

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