New York:US stocks closed mixed on Tuesday, with corporate earnings and lower oil prices providing support, while concerns over artificial intelligence spending weighed on technology shares. The Dow Jones Industrial Average rose by 529.85 points, or 1.02%, to 52,495.88, and the S&P 500 gained 21.84 points, or 0.28%, reaching 7,712.57. However, the Nasdaq Composite slipped slightly by 6.07 points, or 0.02%, to 26,424.82.

According to Anadolu Agency – English, strong earnings from industrial and defense companies bolstered the market. Shares of 3M jumped more than 5.7% after reporting better-than-expected results and raising its full-year outlook. Northrop Grumman's shares also advanced over 4.5% following its above-expectation earnings report.

Oil prices eased as investors monitored developments in the Middle East, reducing some market pressure. US benchmark West Texas Intermediate crude futures fell 1.8% to settle at $101.79, while international benchmark Brent declined 0.7% to $108.79 a barrel. Meanwhile, the yield on 10-year US Treasury bonds decreased by about 2 basis points to 5.115%.

Despite ongoing concerns about heavy borrowing for AI infrastructure and the justification for future demand, some AI-related stocks saw gains during the session. Western Digital rose more than 3.4%, Seagate Technology increased by over 2%, and both CoreWeave and Marvell Technology advanced more than 1%. Investors are now keenly awaiting upcoming earnings reports from major technology companies, which are expected to provide insights into returns from AI investments, data center spending, and capital expenditure plans for 2027.