Dow Rises 89 Points Amid Uncertainty and Cautious Trading

The US stock market traded cautiously on August 11 as investors balanced stable oil prices against ongoing uncertainty surrounding the Strait of Hormuz and the US-Iran situation.

The Dow Jones Industrial Average gained 89.04 points, or 0.16%, to 54,065.02, while the S&P 500 added 9.70 points or 0.13% to 7,762.56.

The Nasdaq Composite was almost unchanged at 26,607.28, up just 1.92 points or 0.01%, as Nvidia's advance provided support to technology shares.

Nvidia rose 0.85% to $219.42, helping the index absorb weakness elsewhere, while Caterpillar led the listed Dow gainers, rising 2.81% to $861.08.