Wall Street closes mixed, Dow Jones hits record near 52,000 points

Wall Street experienced a mixed close on Tuesday, marked by a new record for the Dow Jones Industrial Average, which neared the 52,000-point threshold. However, losses in the technology sector weighed down the S&P 500 and Nasdaq Composite.

The Dow Jones rose 0.64% to 51,999, while the S&P 500 shed 0.57% to 7,511, and the Nasdaq Composite dropped 1.15% to 26,376. Investors appeared to take a breather after the previous day's gains, with attention turning toward the upcoming official signing of a peace agreement between the United States and Iran on Friday in Switzerland.

In corporate news, Elon Musk's aerospace and artificial intelligence company, SpaceX, saw its value increase by 4.8%. This rise followed the announcement that SpaceX will acquire AI coding software firm Cursor for $60 billion. SpaceX concluded the trading day with a market valuation of $2.641 trillion, positioning it as the sixth-largest listed company globally.

Despite SpaceX's performance, the technology sector led the day's losses, with significant drops for Intel (-8.5%), AMD (-7.3%), and Micron (-6.2%). Oil prices also declined, with West Texas Intermediate (WTI) crude falling 5.8% to $76.05 a barrel.