US stocks climb as healthcare hits a record and oil slips
Reuters reports Wall Street indexes rose Tuesday as healthcare reached an all-time high and Brent crude fell 1.1% from a five-month peak.
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what happened
US benchmark indexes finished higher on Tuesday, according to Reuters, helped by a rally in healthcare shares and softer crude prices. The Dow Jones Industrial Average added 502.03 points, or 0.97%, to 52,468.06. The S&P 500 gained 32.33 points, or 0.42%, to 7,723.06, and the Nasdaq Composite rose 58.72 points, or 0.22%, to 26,489.60.
Healthcare posted an all-time high, with large drugmakers leading. Eli Lilly climbed 4.7% to a record, while Amgen, Pfizer, Johnson & Johnson and AbbVie each rose more than 2%. The financial index advanced 1.2%, while energy was the biggest laggard. Brent dropped 1.1% after touching a five-month high in a volatile session, as market participants digested Houthi strikes on Saudi facilities and reports of ship attacks in the Gulf.
Individual names moved sharply too. Steel Dynamics fell 1.4% after missing third-quarter profit estimates, and General Motors slid 6.9% after warning of higher raw material costs and weaker truck sales. 3M rose 5% after widening its data-center tie-up with Amazon. Equifax jumped 11.4% and Hasbro gained 5.6%. South Korea's Elice Group sank nearly 30% in its market debut.
why it matters
The session extended Monday's rebound from last week's technology selloff, though worries about CoreWeave's debt load and the cost of funding the AI buildout have not disappeared. Investors now look to SpaceX and Netflix results after Tuesday's close, and to Meta and Tesla on Wednesday, for signs that growth can hold up amid macro risks.
market impact
US stock indices: healthcare and tech rebound supports sentiment; energy shares under pressure as Brent eases
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sources
- Wall Street gains ground on healthcare stocks rally, oil retreat — Reuters, 20 October 2026 at 16:38 UTC
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