US stocks finish mostly higher as oil falls and earnings loom

US stocks finished mostly higher on Tuesday as falling oil prices and expectations of strong quarterly results helped ease concerns about heavy investment and high valuations in the artificial intelligence sector, according to ANP. [1]

The Dow Jones Industrial Average rose 1% to 52,495.88, helped by a 5.8% gain in industrial group 3M after it reported better-than-expected quarterly results. The S&P 500 added 0.3% to 7,712.57, while the Nasdaq Composite slipped fractionally to 26,424.82. [1]

US crude fell 1.8% to $101.79 a barrel, and Brent crude dropped 0.6% to $108.96. [1]

Healthcare shares rose broadly, including Eli Lilly, up 3.5%, and Moderna, up 6.7%. Jim Baird, chief investment officer at Plante Moran Financial Advisors, said investors remained sceptical about whether some AI companies could turn their investments into returns and were looking for opportunities beyond technology. [1]

Among individual movers, Hasbro climbed 11.2% after raising its sales and profit outlook for the year. Netflix fell 1.7% ahead of its results after the closing bell, while Meta lost 1.6% on the eve of its third-quarter results. [1]