The U.S. stock market closed Tuesday in a mixed tone, with the Dow Jones leading the way higher, while the Nasdaq and S&P 500 ended the session with modest gains and losses, respectively. The Dow's 537.24-point rally was the most significant, driven by strong earnings reports and a sharp decline in oil prices. The S&P 500's modest 15.60-point gain reflected a broader market sentiment, while the Nasdaq's 55.17-point decline highlighted a selloff in chip stocks, with notable mentions of Micron, Marvell, and Nvidia.

The session was characterized by a risk-on tone, with investors favoring value and defensive sectors amid a backdrop of strong earnings and falling oil prices. The Dow's performance was bolstered by gains in consumer staples, with Coca-Cola and Sherwin-Williams reporting strong earnings. Meanwhile, the Nasdaq's decline was influenced by a rotation out of chip stocks, with investors potentially seeking safer alternatives. The broader market sentiment was also shaped by a mix of optimism over potential peace deals and concerns about artificial intelligence.