Dow Opens Flat as It Heads for Best First Half in 5 Years, Nasdaq Set for Best Quarter Since 2020

Tiger Newspress06-30 21:30

U.S. stocks were little changed on Tuesday as oil prices traded above $70 per barrel amid uncertainty surrounding the conflict in the Middle East. However, Wall Street was still set to close out a strong first half and second quarter.

The Dow Jones Industrial Average traded around the flatline. The S&P 500 and Nasdaq Composite were also flat.

Oil prices ticked higher. U.S. West Texas Intermediate futures were last at around $71 a barrel, while international benchmark Brent crude futures were trading at roughly $73 a barrel.

Financial stocks were under pressure after Oppenheimer downgraded key investment banks. Goldman Sachs and Morgan Stanley, both of which were moved to underperform from perform, fell nearly 1% and more than 1%, respectively. Bank of America and Citigroup, which were rated perform from outperform, declined around 1% apiece.

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