04:18 PM EDT, 06/24/2025 (MT Newswires) -- US benchmark equity indexes closed higher on Tuesday, as oil prices fell following a ceasefire between Israel and Iran.

The Nasdaq was up 1.4% to 19,912.53 while the S&P 500 gained 1.1% to 6,092.18. The Dow Jones Industrial Average increased 1.2% to 43,089.02. Among sectors, technology and financials led the gainers, while energy and consumer staples were the only decliners.

US Treasury yields were lower, with the 10-year rate decreasing 5.2 basis points to 4.30% and the two-year rate dropping 5.1 basis points to 3.82%.

August West Texas Intermediate crude oil decreased 5.1% to $64.97 a barrel on Tuesday.

Federal Reserve Chair Jerome Powell said Tuesday that the central bank's Federal Open Market Committee is currently "well positioned to wait to learn more about the likely course" of the economy before considering any monetary policy adjustments.

The US economy is in a "solid position" despite elevated uncertainty, while the unemployment rate remains low, Powell said in prepared remarks to the House Committee on Financial Services.

In economic news, US consumer confidence unexpectedly fell in June as views on current and future conditions deteriorated amid uncertainty around the effects of tariffs, the Conference Board said.

US home prices fell sequentially in April, while the annual growth rate was the slowest in nearly two years, S&P Global (SPGI) division S&P Dow Jones Indices said.

Separately, the Federal Housing Finance Agency said home prices dropped 0.4% in April on a seasonally adjusted basis, compared with March's upwardly revised flat print.

Uber Technologies ( UBER ) shares jumped 7.5%. The company said it is launching autonomous ride-hailing services in Atlanta in partnership with Alphabet's (GOOG, GOOGL) Waymo.

Occidental Petroleum ( OXY ) shares were down 3.3%, even after Raymond James raised its price target to $55 from $51.

Gold decreased 1.9% to $3,331.40 per troy ounce, while silver was down 1% to $35.82 per troy ounce.