Stocks rise.
Oil falls again.

The major U.S. indexes opened higher.

At about 10:10 a.m. Eastern, the S&P 500 was up 0.9%, the Nasdaq Composite was up 1.5%, and the Russell 2000 was up 0.7%. The S&P 500 traded near its prior record, while the Nasdaq posted the largest gain of the three indexes on the market board.

Company earnings and another drop in crude oil prices were the main developments early in the session. The 10-year Treasury yield also moved down to 4.63% from 4.70% on Monday.

The morning in one lineStocks rose, oil fell, and the largest individual stock moves followed company earnings.

Brent crude moved back near $80 per barrel.

What changed

Brent crude fell 4.2% to $80.29 per barrel Tuesday morning. The decline followed reports that the United States and Iran were continuing talks focused on the Strait of Hormuz and Iran’s nuclear program.

Why markets track it

Oil prices affect fuel, shipping, and production costs. They can also influence inflation readings and interest-rate expectations. Brent has moved between roughly $72 and $102 since the conflict began, so the price remains sensitive to new information about shipping and negotiations.

What will confirm the change

Future price moves will depend in part on whether tanker traffic through the Strait of Hormuz normalizes and whether the talks produce a formal agreement. Until then, intraday oil prices may continue to move quickly.

Labor demand changed only slightly in June.

U.S. employers reported 7.36 million open jobs at the end of June, compared with 7.54 million in May. Layoffs were little changed at about 1.8 million, while the number of workers who voluntarily quit rose slightly.

The openings figure measures unfilled positions on the final business day of the month. The next major labor release is Friday’s July employment report, which will provide a newer reading on payrolls, unemployment, participation, and wages.

Palantir and Caterpillar were two of the largest movers.

Palantir

Palantir shares rose about 20% Tuesday morning. The company reported that second-quarter revenue increased 93% from a year earlier and raised its revenue forecast for the full year.

Caterpillar

Caterpillar shares rose about 10.5%. The company reported more than $20 billion in quarterly sales and revenue for the first time, along with higher profit and revenue than analysts had expected.

Semiconductors

Nvidia, Micron, and Broadcom were also higher in the morning session. AMD is scheduled to report second-quarter results after the market closes.

Recent announcements show continued activity in direct lending, asset-based finance, and credit-manager acquisitions.

Ares said its U.S. direct-lending funds closed about $8.2 billion of new commitments across 69 transactions during the second quarter. Ares Alternative Credit funds and PIMCO-managed funds also agreed to commit more than $2 billion to Eni under an infrastructure partnership expected to close in the third quarter. Separately, CVC completed its acquisition of Marathon Asset Management on July 1; Marathon is now branded CVC Marathon.

Private credit is less transparent than public bond markets. This section includes confirmed public announcements and clearly labeled reported developments.

AMD reports tonight. More economic data follows later this week.