Stocks Ended Mostly Higher, Tech Rally Lifted S&P 500, Nasdaq

U.S. stocks ended mostly higher on Tuesday, as a sharp rally in technology stocks helped the S&P 500 and the Nasdaq shake off an early decline. The Dow Jones Industrial Average fell 64.10 points, or 0.27%, to 24,099.05. The S&P 500 gained 6.75 points, or 0.25%, to 2,654.80. The Nasdaq Composite added 64.44 points, or 0.91%, to 7,130.70.

Oil prices declined Tuesday on signs of rising U.S. crude production and stockpiles, despite uncertainty about whether the U.S. will pull out of the Iran nuclear deal. June West Texas Intermediate crude oil dropped by $1.32, or 1.9%, to settle at $67.25 a barrel. July Brent fell $1.56, or 2.1%, to $73.13 a barrel.

Snap Inc’s (SNAP) user and revenue growth fell short of analysts’ expectations for the first quarter after a widely panned redesign of its Snapchat messaging app. Total revenue rose 54.1 percent from the same period a year earlier to reach $230.7 million in what was Snap’s fifth quarterly earnings as a public company.

Wireless carrier T-Mobile US Inc (TMUS) topped Wall Street estimates for revenue as it added more postpaid phone subscribers with competitively priced plans. The company’s revenue rose to $10.46 billion from $9.61 billion, beating the analysts’ average estimate of $10.35 billion.