Nasdaq sets record high, oil dips on improved crude flows

The tech-focused Nasdaq reached a record high on Tuesday amid strong performance from AI-related stocks like Micron Technology. Corporate earnings also remained robust, driving positive sentiment. Other major indices, including the S&P 500 and Dow Jones Industrial Average, saw minimal movement, with the S&P 500 remaining flat and the Dow Jones dropping slightly.

In comparison, the MSCI gauge of global stocks and the pan-European STOXX 600 index both gained modestly. Meanwhile, oil prices and Treasury yields faced downward pressure due to improved crude flows from the Middle East. The US 10-year Treasury yield dipped by 1 basis point to 4.953 percent, aligning with the declining oil prices.

However, the dollar showed resilience, gaining 0.12 percent against the euro and staying relatively stable against the Japanese yen. Investors are keeping a close eye on the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping later in the week, as well as the expiration of the current one-year trade truce between the two economies in November.