11.08.202613:38:08UTC+00US Stocks Trade Mixed

US equities ended mixed on Tuesday as investors weighed higher energy prices against the risk of another Federal Reserve rate hike this year. The S&P 500, Dow Jones Industrial Average, and Nasdaq 100 all edged higher, with the S&P 500 once again testing record territory.

On the geopolitical front, officials in Pakistan and Qatar signaled cautious optimism over a potential US-Iran agreement that could reopen or expand oil flows through the Persian Gulf. That prospect helped curb an earlier rebound in wholesale fuel prices, which had been driven by President Trump’s increasingly hawkish rhetoric toward Tehran.

In fixed income, Treasury yields eased, providing some relief to bank stocks; JPMorgan Chase and Goldman Sachs both posted modest gains. In technology, Nvidia rose 1.5% after privately raising $500 billion via banks to fund expanded AI infrastructure, further increasing leverage in the sector. In contrast, Intel fell another 1.5%, extending Monday’s 4% decline, after boosting the size of its planned stock offering by $5 billion to $20 billion.

Looking ahead, markets are focused on tomorrow’s US CPI inflation release, which follows recent comments from several FOMC members indicating that a rate hike as soon as next month remains on the table. After the closing bell, SCMI and CoreWeave are scheduled to report quarterly results.