Market hits records, catching up with others | Northwest Arkansas Democrat-Gazette

U.S. stocks climbed to record highs on Tuesday, as markets caught up with global gains after a holiday, and as President Donald Trump signaled negotiations with Iran were 'proceeding nicely.' The S&P 500 gained 0.6% to an all-time high, and the Nasdaq Composite rose 1.2% to its own record, while the Dow Jones Industrial Average slipped 118 points from its peak. Brent crude rose 3.5% to $96.67 a barrel, and U.S. crude settled at $93.89, reflecting persistent energy-market volatility tied to Middle East tensions. Markets have often rallied on hopes of an Iran deal, only to see the conflict drag on.

Among individual movers, United Airlines rose 6% and Norwegian Cruise Line gained 4.9%, buoyed by expectations of higher demand for travel and fuel-saving costs from lower oil. Elsewhere, Micron Technology jumped 19.3% to $895.88, supported by UBS’s raised 12‑month price target to $1,625 from $535, and its forecast of sustained demand for computer memory; the stock has more than tripled this year. AutoZone fell 9% after reporting quarterly revenue that missed expectations, with weakness in Brazil and Mexico noted by CEO Phil Daniele. Overall, the S&P 500 rose 45.65 points to 7,519.12, the Nasdaq gained 312.21 to 26,656.18, while the 10‑year Treasury yield slid to 4.49%.