Stock market today: Dow slips, Nasdaq drifts higher as oil falls, AI trade powers market
The S&P 500 closed at 7,764.64 (-0.00%), the Dow fell 185.14 points (-0.36%) to 51,863.69, and the Nasdaq rose 122.19 points (+0.45%) to 27,244.28 as falling oil prices and continued confidence in the AI trade split the indices. Reports that Iran may reopen the Strait of Hormuz within seven days weighed on oil futures. Yahoo Finance
Oil little changed after Trump tells UN that Iran will make a deal after midterm elections
Brent crude fell 1% to close at $99.25 a barrel, and WTI shed 1.2% to settle at $94.59. Trump said the U.S. met with Iran's delegation for three hours on the sidelines of the UN General Assembly in New York, and that he believes the two sides will reach a deal right after the election. CNBC
Sandisk has gained more than 600% in 2026. It still has more room to run, Rosenblatt says
Rosenblatt Securities initiated coverage of SanDisk with a Buy rating and a $2,400 price target, implying 36% upside from Monday's close. Analyst Kevin Cassidy said new AI compute platforms are repositioning NAND flash "from a commodity storage medium to a more system-critical component of AI infrastructure," citing an edge from SanDisk's BiCS8 and BiCS10 3D NAND technology. CNBC
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,764.64 | -0.06 | -0.00% |
| Nasdaq Composite^IXIC | 27,244.28 | +122.19 | +0.45% |
| Dow Jones^DJI | 51,863.69 | -185.14 | -0.36% |
| CBOE Volatility Index^VIX | 14.21 | -0.66 | -4.44% |
| U.S. Dollar IndexDXY · 4:00 PM ET | 100.55 | +0.12 | +0.12% |
| Brent CrudeBZ=F · 2:30 PM ET settle | $99.25 | -$1.09 | -1.09% |
| GoldCOMEX Dec '26 · 1:30 PM ET settle | $4,376.50 | -$7.40 | -0.17% |
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 3.97% | +1bp | +0.25% |
| 3-MonthT-bill | 4.16% | -1bp | -0.24% |
| 6-MonthT-bill | 4.26% | -1bp | -0.23% |
| 1-YearT-note | 4.43% | -2bp | -0.45% |
| 2-YearT-note | 4.71% | -5bp | -1.05% |
| 5-YearT-note | 4.83% | 0bp | +0.00% |
| 10-YearT-note | 4.96% | 0bp | +0.00% |
| 30-YearT-bond | 5.29% | 0bp | +0.00% |