US stocks gained momentum on Tuesday as investors braced for a flurry of tech earnings reports amid signs of a revival in chip stocks, with fresh US tariffs on Canada and Middle East hostilities also in focus. <\/p>\n
The tech-heavy Nasdaq Composite (^IXIC<\/a>) jumped 1.3% as semiconductor names took center stage ahead of Big Tech results this week. The Dow Jones Industrial Average (^DJI<\/a>) moved up more than 0.7%, while the S&P 500 (^GSPC<\/a>) gained 0.9% after stocks slipped on Monday amid rising US-Iran tensions.<\/a> <\/p>\n Chip stocks saw another surge on Tuesday morning, echoing a rally in Asia, after the sector attempted a recovery at the start of the week. Nvidia (NVDA<\/a>) shares climbed almost 2% after the AI chipmaker revealed it has taken a stake in neocloud provider Nebius (NBIS<\/a>). <\/p>\n Tech optimism helped offset uncertainty surrounding US trade policy and the war in Iran. On Monday, President Trump unveiled a new raft of 50% tariffs on an array of Canadian goods<\/a>, including beer, hockey sticks, milk, and chemicals, that risk rekindling a tit-for-tat trade war between the countries. The tariffs are expected to take effect in 30 days after the US accused Canada of “discrimination” in its trading practices. <\/p>\n Notably, the White House exempted Canadian oil imports from the tariffs, which come as crude oil prices trade at their highest level since mid-June. Oil prices eased slightly on Tuesday morning after the latest flare-up in the US-Iran war drove Brent crude (BZ=F<\/a>) prices, the international benchmark, back above $91 per barrel. <\/p>\n Anticipation continues to build for Big Tech results later this week \u2014 particularly from Alphabet (GOOG<\/a>, GOOGL<\/a>) on Wednesday \u2014 as investors scrutinize tech giants’ AI spending plans. <\/p>\n","protected":false},"excerpt":{"rendered":"US stocks gained momentum on Tuesday as investors braced for a flurry of tech earnings reports amid signs…\n","protected":false},"author":2,"featured_media":55228,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[12283,2726,18807,8,15,9,7],"class_list":["post-55227","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-big-tech","tag-canada","tag-chip-stocks","tag-headlines","tag-nasdaq-composite","tag-news","tag-top-stories"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116960782045300229","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/55227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=55227"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/55227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/55228"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=55227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=55227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=55227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}