New york: Major U.S. stock indices improved on Tuesday, while the price of U.S. West Texas Intermediate crude oil fell by one dollar to $58.61 per barrel. Ahead of the market close, the Dow Jones Industrial Average rose by around 250 points, the tech-heavy Nasdaq increased by nearly 180 points, and the S and P 500 gained approximately 25 points.
According to Jordan News Agency, the decline in oil prices played a significant role in boosting investor confidence, leading to the rise in key stock indices. The reduction in crude oil prices is seen as a factor providing relief to various sectors within the market, encouraging positive trading activity.