U.S. stocks opened higher Tuesday, with the S&P 500 rising 0.1% and the Dow Jones Industrial Average adding 126 points, or 0.2%, while the Nasdaq Composite fell 0.1%. Nvidia stock gained more than 1%, providing critical support to the S&P 500 after the company announced a partnership with six major asset managers aimed at channeling over $500 billion into artificial intelligence infrastructure. Oil prices swung before stabilizing, with Brent crude touching $90 a barrel early on fading hopes for a Strait of Hormuz deal, then pulling back to around $87 after reports of progress in talks involving Pakistan, Qatar, Oman, and Iran. The calming of oil markets helped pull government bond yields back down, with the 10-year Treasury yield falling to 4.672%. Attention now shifts to the July consumer price index set for release Wednesday.
