On Tuesday, US stocks recorded their largest gains in one day since the start of the war with Iran, despite the return of oil prices to the rise. The Standard & Poor’s 500 Index rose by 0.6%, the Dow Jones Index rose by the same percentage by 262 points, while the Nasdaq Index increased by 0.7%.
This rise is considered contrary to the trend taken by the markets since the beginning of the war, as stocks were mostly moving in the opposite direction to the movement of oil, amid fears that any long-term disruption in supplies would cause greater damage to the global economy. The price of West Texas Intermediate crude rose to $94.12 per barrel, while the price of Brent crude rose to $101.03.
The performance of airline companies played a role in supporting the market, as Delta raised its revenue expectations for the first quarter of 2026, with improved demand for travel, which led to a rise in its stock. Shares of United, Southwest, and American Airlines also rose. In addition, Uber’s stock rose after expanding its cooperation with NVIDIA to launch a fleet of self-driving vehicles.
Despite the fluctuations that the market has witnessed recently, the Standard & Poor’s 500 index is still only less than 4% away from its record level, at a time when investors are awaiting the Federal Reserve’s decision on interest rates, with very weak expectations regarding any imminent reduction.
