Wall Street opens slightly higher. Oil falls

Wall Street opened Tuesday’s session slightly higher, in a day marked by strong volatility. Investors keep monitoring both oil prices and geopolitical tensions related to the conflict with Iran, factors that have been influencing market sentiment in recent days.

The Dow Jones Industrial Average gained about 147 points, or 0.3%, recovering after having lost nearly 300 points earlier in the trading session. The S&P 500 also posted a 0.2% increase, while the Nasdaq Composite rose by 0.4%.

Markets were mainly supported by the sharp decline in oil prices. West Texas Intermediate crude oil fell to around $85 per barrel, marking a drop of more than 11%, while Brent crude declined by about 10%, falling below the $90 per barrel threshold.

The drop in crude prices helped ease investor concerns about potential inflationary pressures and new energy shocks linked to the situation in the Middle East.

As a result, Wall Street’s major indices were able to recover part of the losses recorded in previous sessions. Despite the rebound, market sentiment remains cautious, as traders continue to closely follow geopolitical developments and their potential impact on the global energy market and economic growth.

Benedetta Zimone