Dow Gains Nearly 550 Points as Earnings Boost Markets While Oil Prices Fall

Dow climbed almost 550 points, closing at 38,150, driven by strong earnings reports from industrial firms, consumer retailers, and financial banks, lifting investor confidence across the board and supporting a bullish market tone.

S&P 500 finished the session higher, gaining roughly 1.2 percent as technology giants like Apple and health‑care leaders such as Pfizer beat earnings expectations, while the broader market benefited from a weaker dollar and lower bond yields.

Nasdaq Composite slipped about 0.5 percent, pressured by a sell‑off in semiconductor shares such as Nvidia, down 3.2 percent, and AMD, down 2.8 percent, after chip makers warned of slowing demand and inventory buildup.

Crude oil prices fell more than 4 percent to below $80 a barrel, pulled down by weaker global demand forecasts and a stronger U.S. dollar, giving a boost to energy‑intensive stocks such as utilities and industrial manufacturers.