Stocks Ended Higher as Tech Led Rebound

U.S. stocks ended modestly higher on Tuesday, with gains for General Electric and technology stocks helping Wall Street recoup some losses from a day earlier on escalating global trade tensions. The Dow Jones Industrial Average rose 30.31 points, or 0.12%, to 24,283.11. The S&P 500 added 5.99 points, or 0.22%, to 2,723.06. The Nasdaq Composite gained 29.62 points, or 0.39%, to 7,561.63.

Oil futures surged on Tuesday, with the U.S. benchmark settling above $70 for the first time since May, buoyed by news that the U.S. is pushing for countries to cut Iran oil imports to zero by November, and uncertainty over Libyan crude exports. August West Texas Intermediate crude rose $2.45, or 3.6%, to ended at $70.53 a barrel. August Brent crude rose $1.58, or 2.1%, to end at $76.31 a barrel.