Dow Jones| Nasdaq | US Stock Market Today | Live: Dow, S&P 500 slip as oil stays near $100 despite Nasdaq’s record close

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Business News›Markets›US Stocks›Wall St Guide›Dow Jones| Nasdaq | US Stock Market Today | Live: Dow, S&P 500 slip as oil stays near $100 despite Nasdaq’s record close LIVE BLOG Synopsis Dow Jones Today | US Stock Market Live: The Nasdaq notched a record high close on Tuesday, lifted by Micron Technology and other AI-related stocks, while the S&P 500 hovered just below a record high as oil prices traded around $100 per barrel. The S&P 500 lost 0.43 points, or 0.01%, to end at 7,764.27 points, while the Nasdaq Composite gained 121.15 points, or 0.45%, to 27,243.24. The Dow Jones Industrial Average fell 184.94 points, or 0.36%, to 51,863.89. Trump opposes international AI regulation US President Donald Trump on Tuesday rejects calls for international oversight of artificial intelligence, branding them a “globalist scheme” to control the rapidly advancing technology. Addressing the UN General Assembly, he also said the US government would begin referring to AI as “super intelligence,” describing the term as more appealing and accurate. Show more Trump opposes international AI regulation 1 New Update The S&P 500 lost 0.43 points, or 0.01%, to end at 7,764.27 points, while the Nasdaq Composite gained 121.15 points, or 0.45%, to 27,243.24. The Dow Jones Industrial Average fell 184.94 points, or 0.36%, to 51,863.89. (Read More) US natural gas futures jumped 4.5% to a two-week high on Tuesday on a drop in daily output and an increase in flows to liquefied natural gas exports so far this month. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 12.9 cents, or 4.5%, to $2.965 per million British thermal units, their highest close since September 4. US President Donald Trump bought as much as $50,000 worth of shares and sold as much as $15,000 in Elon Musk's SpaceX in July, according to a public financial disclosure, his latest transactions involving a government contractor run by his former adviser. Trump bought between $15,001 and $50,000 worth of shares in SpaceX on July 10, according to a financial disclosure he signed on September 8. He sold between $1,001 and $15,000 worth of shares on July 17, according to the same disclosure. President Donald Trump on Tuesday said he backed the idea of a ban on diesel exports, which some US politicians are calling for as a way to curb the soaring cost of energy. Diesel prices have rallied in Europe and the US to record highs as wars in Iran and Ukraine sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates. "I've said let's not send out the diesel. We make a lot of diesel ... I've called for it. I've called for it within my people," Trump told reporters ahead of a meeting with Ukrainian President Volodymyr Zelenskiy. US President Donald Trump told reporters at the United Nations that US officials had had a "very good" three-hour meeting on Tuesday with the Iranian delegation. Metals refining startup Nth Cycle has signed a $1 billion offtake to supply Glencore with lithium and other critical minerals extracted from recycled batteries, a deal that comes ahead of a planned public listing later this year. The agreement, which Reuters is first to report, was signed on Tuesday at Glencore's New York offices and timed to coincide with the United Nations General Assembly as critical minerals become increasingly central to global trade negotiations. The US State Department said on Tuesday it had approved the potential sale of aircraft ferry support and related equipment to Japan for an estimated cost of $159 million. Meta has been testing a “human concierge” for its new personal AI assistant, Muse, which entails having human contractors quietly handle some of the phone calls placed via the digital agent, according to internal company posts seen by Reuters. The Facebook and Instagram owner told employees about the test last week, shortly after the company publicly launched a phone calling feature for Muse. Some employees have raised privacy concerns about human agents handling the calls, warning that it could result in sensitive information being shared unintentionally with contractors in call centers, the posts showed. Asked about the feature, a Meta spokesperson said the response from employees has been "overwhelmingly positive" and that the purpose of the test was to "get feedback so we can implement safety and privacy protections and improve features before we release them publicly." US President Donald Trump said that Iran and the United States had been talking on Tuesday, and he thinks the two countries will reach a deal at some point. "I think that a settlement is going to be reached," Trump said after a meeting with British Prime Minister Andy Burnham on the sidelines of the UN General Assembly in New York. Anthropic on Tuesday released Claude Opus 5.5, which it called its most powerful AI model to date, offering performance it said rivals its top-tier system at a significantly lower price. The company said Opus 5.5 performs on par with its Claude Fable 5.1 model on most tasks while costing 40% less to run on typical workloads than its predecessor, Claude Opus 5. The model is faster, cheaper and writes more clearly than earlier versions, Anthropic said, while outperforming its recent models on internal safety tests, and being 85% less likely than Opus 5 or Mythos 5.1 to attempt to bypass its prescribed boundaries. Gold prices edged lower on Tuesday as markets factored in more restrictive monetary policy from the US Federal Reserve this year, while traders also kept close tabs on the Middle East conflict. Spot gold was down 0.4% at $4,325.03 per ounce by 12:10 p.m. ET (1610 GMT). US gold futures fell 0.5% to $4,362.00. US President Donald Trump said electoral considerations played no role in his Iran policy as he defended Washington’s military campaign against Tehran. He claimed Iran had rejected an offer of “full economic cooperation” in exchange for ending its nuclear programme and support for terrorism before US strikes “obliterated” its nuclear facilities. US President Donald Trump warned Iran on Tuesday that it would be “annihilated” if Tehran rejected a deal with Washington, while predicting an agreement would be reached “right after the election” during his address to the United Nations General Assembly in New York. President Donald Trump reiterated his opposition to new regulations on AI technology, telling global leaders at the UN General Assembly on Tuesday that US law enforcement agencies would rein in the sector if needed. "We're going to watch it closely through the Department of Justice," Trump said, referring to AI technology and the top US law enforcement agency. Public alarm about the potential danger posed by artificial intelliegence is growing, after Anthropic researcher Jacob Coxon resigned and said, "people building AI earnestly believe that it could kill us all by the end of the decade." Celldex Therapeutics said on Tuesday its experimental drug significantly reduced disease activity in two late-stage trials of patients with a chronic skin condition, clearing a key hurdle toward a U.S. regulatory filing. Shares of the New Jersey-based company fell nearly 15% as investors focused on two cases of probable anaphylaxis reported in the studies. DoorDash will pay $131.5 million to settle claims that it underpaid delivery workers in New York City, Mayor Zohran Mamdani announced Tuesday. The agreement, which officials descibed as the largest worker settlement in city history, also requires the company to submit to a new monitoring system to ensure compliance with delivery worker pay laws in the city. In a statement, DoorDash admitted errors, saying: “Simply put, we screwed up.” The dollar was slightly higher on Tuesday, but off a two-month high hit earlier in the day as investors weighed another decline in oil prices against the possibility of more rate hikes from the Federal Reserve. The dollar index, which measures the greenback against a basket of currencies, rose 0.06% to 100.48, with the euro down 0.08% at $1.1453. The dollar index had risen as much as 0.25% on the day to 100.66, its highest since July 30, while also falling as much as 0.11%. Federal Reserve Bank of Boston President Susan Collins wrote on Tuesday that she supported last week’s central bank interest rate increase amid the risks that future inflation will be above its 2% target. “I now see an increased likelihood of future scenarios in which inflation remains notably above 2%,” Collins wrote on LinkedIn. “With the labour market on a better footing, monetary policy can focus on a timely return to price stability, especially after five and a half years of too-high inflation,” she said, adding “a somewhat more restrictive federal funds rate will help ensure that inflation durably returns to target.” Shares of Meta Platforms have surged more than 20%, outpacing the "Magnificent 7" group of US tech companies during the period. Shares have added over $200 billion in market capitalisation to touch their highest level in more than seven months as of the last close. Shares were up 1.5% in early trading on Tuesday after surging more than 11% in the previous session. Palo Alto Networks said on Tuesday it would launch a new cybersecurity service for businesses, using advanced AI models from Anthropic and OpenAI to help identify security vulnerabilities across corporate systems. Hackers are increasingly using AI to find and exploit weaknesses in corporate networks, prompting cybersecurity firms to build defenses that can detect and respond to threats more quickly. New York Federal Reserve President John Williams defended the US central bank's monetary policy implementation system on Tuesday, while saying it can be adjusted and tweaked in line with changes in financial markets. Supplying "ample" reserves to the financial system with the current suite of tools to manage short-term interest rates "has proven to be highly effective at delivering interest rate control and supporting the smooth functioning of core financial markets," Williams said in prepared opening remarks for a conference on the Treasury market at the New York Fed. Gold prices edged lower on Tuesday as markets factored in more restrictive monetary policy from the US Federal Reserve this year, while traders also kept close tabs on the Middle East conflict. Spot gold was down 0.3% at $4,332.34 per ounce by 9:25 a.m. ET (1325 GMT). US gold futures fell 0.3% to $4,370.40. The Dow Jones Industrial Average rose 155.42 points, or 0.30%, to 52,204.25, the S&P 500 gained 14.39 points, or 0.19%, to 7,779.09 and the Nasdaq Composite added 89.57 points, or 0.33%, to 27,211.66. Data startup Snorkel AI has raised $350 million in fresh funding at a $3.5 billion valuation, its CEO Alex Ratner told Reuters, as booming demand from frontier AI labs for increasingly complex training data and simulated environments fuels rapid growth. Led by Insight Partners and S32, the funding round included participation from existing investors Addition, Greylock and Wells Fargo, the company said. The deal values the company at nearly three times the $1.3 billion valuation achieved when it last raised $100 million in May 2025. The dollar whipsawed on Tuesday, weakening after hitting a near-two-month high after oil prices fell following Iran's proposal to reopen the Strait of Hormuz within seven days if the US eases military pressure. The US currency fell 0.12% versus the yen to 157.15 , while the euro was largely unchanged at $1.146. Sterling dipped 0.09% to $1.3356. Federal Reserve policymakers view AI-driven demand and the oil shock as key inflation risks, with traders pricing in a 50.9% chance of another rate increase of at least 25 basis points in October. Investors now await remarks from Fed Vice Chair Philip Jefferson, New York Fed President John Williams and Richmond Fed President Thomas Barkin later on Tuesday. The tech-heavy Nasdaq closed at a record high on Monday, driven by an 11.3% jump in Meta as analysts pointed to its Muse AI agent garnering more downloads in its first 13 days than ChatGPT. US-Iran talks are expected on the sidelines of this week’s United Nations General Assembly, ahead of a US-China summit on Thursday. Traders hope the discussions will help resolve the Middle East conflict and extend Washington’s trade truce with Beijing. President Donald Trump is also scheduled to meet several world leaders later on Tuesday. Brent crude eased 1.6% and was within reaching distance of $100 a barrel, while the yield on the benchmark 10-year Treasury note was at 4.9% - both hovering near levels that spurred market direction in recent days - as investors held their ground ahead of key events later this week. US stock index futures were little changed on Tuesday after the previous session’s AI-driven rally, as investors awaited potential talks between Washington and Tehran aimed at ending their six-month conflict. At 7:12 a.m. ET, Dow futures rose 111 points, or 0.21%, while S&P 500 and Nasdaq 100 futures edged up 0.03% and 0.05%, respectively.