Tech stocks push Nasdaq lower, but Dow Jones closes higher

Most US stock indices closed lower on Tuesday, weighed down by the tech sector, but Dow Jones managed to turn higher thanks to a rebound in oil prices.

Apple, Microsoft, Amazon, Tesla and Facebook have reported better-than-expected earnings in the first quarter of 2021.

Markets are still eyeing the latest developments regarding the pandemic, as India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.

While countries like the US and several European countries started to ease the lockdown restrictions thanks to their success in containing the outbreak.

To the oil market, WTI crude June futures rose 1.9% or $1.20, and closed at $65.69 a barrel, after hitting a day high of $65.8 and a low of $64.2.

Brent June futures rose 1.9% or $1.32, and closed at $68.88 a barrel, after hitting a high of $69.04 and a low of $67.3.

As for stocks, Dow Jones rose 0.1% or 20 points, and closed at 34,133, with a day high of 34,147, and a low of 33,765.

Nasdaq fell 1.9% or 261 points to 13633, with a high of 13,795 and a low of 13485 points.

S&P 500 fell 0.7% or 28 points to 4,164, after hitting a high of 4,179 and a low of 4,128.