Key facts
- The Dow Jones Industrial Average closed at a record high for the second consecutive day.
- The Nasdaq Composite and S&P 500 declined, pressured by technology stocks.
- SpaceX shares rallied, surpassing Amazon's market value and briefly exceeding Microsoft's.
- U.S. oil futures fell 5.8% amid details of a U.S.-Iran interim deal.
- Nvidia tapped the bond markets for $25 billion, and its shares dropped 2.4%.
- U.S. stock indexes opened higher on Wednesday, with chip stocks rebounding ahead of a Federal Reserve interest rate decision.
The Dow Jones Industrial Average reached a new record high for the second consecutive day on Tuesday, while the Nasdaq Composite and S&P 500 declined, pressured by technology stocks. SpaceX shares rallied, surpassing Amazon's market value and briefly exceeding Microsoft's. U.S. oil futures fell 5.8% amid details of a U.S.-Iran interim deal.
Wall Street was mixed as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-peace-deal slide. Investors rotated into financials and industrials, selling technology stocks. Nvidia tapped the bond markets for $25 billion, and its shares dropped 2.4%.
On Wednesday, U.S. stock indexes opened higher, with chip stocks rebounding ahead of the Federal Reserve's first interest rate decision under new Chair Kevin Warsh.