US open: Dow retreats, S&P edges up as oil declines

(Sharecast News) - Major indices were mixed early on Tuesday, with the Dow Jones heading south and the S&P 500 hitting a fresh intraday high, with oil prices continuing to ease.

As of 1520 BST, the Dow Jones Industrial Average was down 0.36% at 51,863.51, while the S&P 500 advanced 0.08% to 7,770.70 and the Nasdaq Composite came out of the gate 0.50% firmer at 27,256.46.

The Dow opened 185.32 points lower on Tuesday, taking a bite out of gains recorded in the previous session.

Oil prices were in focus early on Tuesday amid reports that Iran has offered to re-open the Strait of Hormuz within a week, though the claims have not been independently verified. Saudi Arabia was also said to be preparing to restart its EastWest pipeline as early as this week. Brent crude was down 1.07% at roughly $99.27 a barrel, while West Texas Intermediate crude traded 1.18% lower at $94.65 a barrel.

Traders were also looking ahead to a highprofile summit in Washington between Donald Trump and China's Xi Jinping later in the week, with discussions expected to cover artificial intelligence, the Iran conflict, tariffs and rare earth metals. Ahead of the meeting, Treasury Secretary Scott Bessent held talks with Chinese vicepremier He Lifeng.

On the macro front, Fifth District manufacturing activity softened in September, according to the Richmond Federal Reserve, with the headline composite index slipping back into negative territory. The composite measure fell to 2 from 4 in August, as shipments dropped to 5 from 11 and new orders declined to 6 from 3. The employment index, however, improved to 7 from 2, signalling modest hiring momentum.

No major corporate earnings were slated for release on Tuesday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $121.74 4.46%

Amgen Inc. (AMGN) $401.38 3.89%

Apple Inc. (AAPL) $339.67 2.26%

Nike Inc. (NKE) $36.65 1.39%

Home Depot Inc. (HD) $300.96 1.19%

3M Co. (MMM) $166.69 1.13%

McDonald's Corp. (MCD) $250.73 1.10%

Coca-Cola Co. (KO) $87.99 0.95%

Procter & Gamble Co. (PG) $147.40 0.81%

Microsoft Corp. (MSFT) $496.36 0.80%

Dow Jones - Fallers

JP Morgan Chase & Co. (JPM) $344.66 -2.07%

Johnson & Johnson (JNJ) $265.90 -1.32%

Cisco Systems Inc. (CSCO) $107.65 -1.03%

Goldman Sachs Group Inc. (GS) $951.52 -0.88%

Travelers Company Inc. (TRV) $369.48 -0.71%

Caterpillar Inc. (CAT) $811.05 -0.63%

Salesforce.Com Inc. (CRM) $235.28 -0.59%

Verizon Communications Inc. (VZ) $47.51 -0.43%

Boeing Co. (BA) $200.34 -0.38%

Visa Inc. (V) $368.38 -0.37%

S&P 500 - Risers

Capri Holdings Limited (CPRI) $15.93 12.16%

Akamai Technologies Inc. (AKAM) $118.10 11.31%

QUALCOMM Inc. (QCOM) $193.08 6.66%

Celanese Corp. (CE) $47.56 6.57%

Meta Platforms Inc. (META) $746.89 6.56%

American Airlines Group (AAL) $13.99 5.91%

United Airlines Holdings Inc (UAL) $117.21 5.57%

Lennar Corp. Class A (LEN) $82.23 5.56%

Advance Auto Parts (AAP) $43.20 5.02%

PVH Corp. (PVH) $77.34 4.99%

S&P 500 - Fallers

Coterra Energy Inc. (CTRA) $32.56 -8.62%

Quest Diagnostics (DGX) $235.34 -4.02%

Valero Energy Corp. (VLO) $378.05 -3.87%

Charles Schwab Corp. (SCHW) $102.51 -3.64%

Equity Residential (EQR) $63.66 -3.50%

Cognizant Technology Solutions Corp. (CTSH) $58.82 -3.44%

Marathon Petroleum Corporation (MPC) $388.65 -3.17%

Allstate Corp (The) (ALL) $235.01 -3.03%

CF Industries Holdings Inc. (CF) $119.98 -2.90%

Raymond James Fin Corp. (RJF) $160.19 -2.75%

Nasdaq 100 - Risers

QUALCOMM Inc. (QCOM) $193.08 6.66%

Meta Platforms Inc. (META) $746.89 6.56%

American Airlines Group (AAL) $13.99 5.91%

Western Digital Corp. (WDC) $470.00 4.49%

Intel Corp. (INTC) $121.74 4.46%

Synopsys Inc. (SNPS) $405.39 4.45%

Cadence Design Systems Inc. (CDNS) $295.47 4.01%

Amgen Inc. (AMGN) $401.38 3.89%

Lam Research Corp. (LRCX) $304.27 3.83%

Seagate Technology Plc (STX) $917.13 3.67%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Cognizant Technology Solutions Corp. (CTSH) $58.82 -3.44%

eBay Inc. (EBAY) $108.10 -2.55%

Charter Communications Inc. (CHTR) $123.44 -2.17%

Workday, Inc. (WDAY) $190.06 -1.76%

Illumina Inc. (ILMN) $239.33 -1.54%

PACCAR Inc. (PCAR) $113.62 -1.50%

Gen Digital Inc. (GEN) $28.64 -1.45%

Vodafone Group Plc ADS (VOD) $16.83 -1.09%

Cisco Systems Inc. (CSCO) $107.65 -1.03%