NEW YORK (AP) — The U.S. stock market is rising toward records Tuesday after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing.

The S&P 500 rose 0.6% and was on track to top its all-time high set at the end of last week. The Dow Jones Industrial Average was up 225 points, or 0.5%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.

Stocks got a boost after oil prices gave back some of their big jumps from Monday. The price for a barrel of Brent crude, the international standard, fell 2.7% to $111.43 after briefly topping $115 on Monday, though it’s still well above its roughly $70 price from before the war with Iran.

A ceasefire in the war appears to be holding, even after the United Arab Emirates said Monday that Iran fired missiles and drones at it. The U.S. military is trying to force open a path in the Strait of Hormuz, which would allow oil tankers to resume shipments from the Persian Gulf and hopefully bring down the price of crude.

Iran’s powerful parliamentary speaker and chief negotiator, Mohammad Bagher Qalibaf, accused the United States of undermining regional security with the effort to end Iran’s stranglehold on the strait and warned that Tehran will respond.

Even with the war ongoing, the U.S. stock market has remained remarkably resilient on its record-setting run. That’s in large part due to the strong profits that U.S. companies have reported for the start of 2026 despite the rise in oil prices since the end of February.

“This has been a ‘why ask why’ market,” according to Scott Wren, senior global market strategist at Wells Fargo Investment Institute. “You just have to go with it.”

Even though many risks are still weighing on the market, “investors are looking at earnings” and how much companies are spending on AI data centers and other investments, he said.

DuPont’s stock climbed 5.5% Tuesday after the chemical giant led another cavalcade of companies reporting better-than-expected profits for the latest quarter.

DuPont said its water technologies business felt some impact because of the war with Iran due to logistics disruptions in the Middle East. But it nevertheless raised its forecasts for financial results over the full year due in part to its strong start to 2026.

Source: WPLG