U.S. Stock Market today: S&P 500, Dow Jones, Nasdaq beat war trends, end in green. Check top performing stocks

S&P 500 rose 0.2 per cent on Tuesday and added to its gain from the day before, which was its best since the war began. The Dow Jones Industrial Average edged up 0.1 per cent, and the Nasdaq composite gained 0.5 per cent. It’s a break from the usual playbook since the start of the war, where stock prices have tended to go in the opposite direction of oil prices. Airline stocks rose after Delta and American raised their revenue forecasts.

On Tuesday, S&P 500 rose 16.71 points, or 0.2%, to 6,716.09. Dow Jones Industrial Average rose 46.85 points, or 0.1%, to 46,993.26. Nasdaq composite rose 105.35 points, or 0.5%, to 22,479.53. Russell 2000 index of smaller companies rose 16.70 points, or 0.7% to 2,519.99.

Shares of airlines and travel companies rebounded from losses in recent weeks related to the U.S. and Israeli attack on Iran and surging energy prices. Delta rallied more than 6% and American Airlines Group gained 3.5% after both companies raised their revenue guidance for the current ‌quarter. United Airlines ⁠rose 3.2%.


Norwegian ⁠Cruise Line Holdings climbed over 2% and Expedia Group jumped more than 4%.

Worries ​about pricey AI-related stocks, along with uncertainty about the Middle East conflict, have dropped the S&P 500 ​about 4% from its record high close on January 27.

The benchmark is trading at about 21 times expected earnings, down from over 23 in November, but still above its average forward price-earnings ratio of 19 over the past five years, according to LSEG data. The Reserve Bank of Australia hiked interest rates for a second straight month, warning of a material risk to inflation due to the Middle East war. Ride-hailing app Uber rallied 4.2% after announcing plans to roll out robotaxis in 28 cities starting next year, powered by Nvidia's autonomous driving software.

The S&P 500 financials sector index rebounded ‌0.5% from sharp losses in the week before, when worries about private credit quality rattled investors. Asset manager Blackstone rose 4.6%, Apollo Global gained 5.3% and KKR rose 3.3%.