Mixed US Stock Market as Oil Prices Fall

US stocks ended mixed on Tuesday as falling oil prices and strong corporate earnings boosted the Dow Jones Industrial Average. The Dow rose 537.24 points, or 1.03%, to close at 52,747.32.

The S&P 500 gained 0.21% to finish at 7,428.78, while the Nasdaq Composite fell 0.22% to end at 24,876.91.

Chip stocks extended their losses, with Micron shares falling about 9% and AMD declining 8.1%. The broader technology sector remained under pressure.

Oil prices fell sharply as Iran discussed the Strait of Hormuz with Saudi Arabia and Oman. US benchmark West Texas Intermediate crude declined 4% to just above $79 per barrel, while Brent crude fell more than 5% to around $83.80 per barrel.