The Dow advanced 335 points, or 0.7%, led by a more than 3% rise in shares of consumer goods giant Procter & Gamble. The S&P 500 edged up 0.1%, hovering near record levels, while the Nasdaq Composite traded largely flat.
Markets found support after US crude oil prices fell around 4% to below $90 a barrel. The decline followed reports from Iran’s state television indicating the country remains committed to restoring commercial traffic through the Strait of Hormuz to pre-war levels within a month, according to Reuters.
Markets found support after US crude oil prices fell around 4% to below $90 a barrel. The decline followed reports from Iran’s state television indicating the country remains committed to restoring commercial traffic through the Strait of Hormuz to pre-war levels within a month, according to Reuters.
However, losses in cybersecurity shares weighed on technology sentiment. Zscaler plunged 29% after the cloud security company issued weaker-than-expected revenue guidance for the current quarter.
The negative outlook dragged peers lower, with Palo Alto Networks falling more than 2% and CrowdStrike declining over 3%. The Global X Cybersecurity ETF also dropped more than 4% during the session.
The mixed market action comes as investors continue to monitor geopolitical developments in West Asia, oil price movements, and the broader impact of artificial intelligence-driven changes across the technology sector.
(Edited by : Ajay Vaishnav)
