Wall Street closes higher, Dow Jones adds 530 points

US stocks rose at Tuesday’s close, supported by strong earnings from several companies and falling oil prices, which helped offset ongoing pressure on the technology sector.

At the close, the Dow Jones Industrial Average rose 1%, or 529 points, to 52,495.

The broader S&P 500 gained 0.28%, or 21 points, to 7,712, while the Nasdaq Composite was little changed at 26,424.

In Europe, the STOXX Europe 600 fell 0.14% to 638, extending its losses for a second consecutive session.

The UK's FTSE 100 declined 0.29% to 10,733, while France's CAC 40 fell 0.38% to 7,838. Germany's DAX was little changed at 25,304.

In Japan, the Nikkei 225 dropped 1.30% to 64,075, while the broader TOPIX index fell 1.43% to 4,009.

Oil prices fell, with December Brent crude futures declining 0.69%, or 76 cents, to $108.79 a barrel.

US NYMEX crude futures for November delivery, which expired today, fell 1.80%, or $1.87, to $101.79 a barrel.

Gold futures for December delivery fell 0.42%, or $17.50, to $4,142.60 an ounce.

What’s behind the market moves?

Strong earnings from several companies and falling oil prices supported U.S. stocks, despite continued pressure on the technology sector amid concerns over the sustainability of the artificial intelligence boom and the cost of financing it.