US equity indexes rose in midday trading on Tuesday after reports emerged that rising oil prices could deliver a major cash surge to US shale producers.

The Nasdaq Composite rose 0.4% to 22,470.7, with the S&P 500 up 0.3% to 6,723. The Dow Jones Industrial Average gained 0.2% to 47,074.5. All sectors were in the green except health. Energy and real estate sectors led the gainers.

US producers are poised to earn an additional $63.4 billion in cash flow if West Texas Intermediate crude averages $100 per barrel for 2026, the Financial Times reported, citing data from Rystad Energy.

Most US Treasury yields fell, with the 10-year yield down 2.9 basis points to 4.19%. The two-year yield slipped 2.1 basis points to 3.66%.

West Texas Intermediate crude oil futures rose 2% to $95.42.

In economic news, US pending home sales rose by 1.8% in February, rebounding from a 0.9% decline in January, and more than the 0.6% decrease expected in a survey compiled by Bloomberg. The monthly sales index fell 0.8% from February 2025, according to the National Association of Realtors.

For the four weeks ended Feb. 28, US private employers added an average of 9,000 jobs per week, down from 14,750 for the week ended Feb. 21, according to ADP Employment Change data.

In company news, Uber Technologies (UBER) and Nvidia (NVDA) said late Monday they intend to launch a global fleet of autonomous vehicles powered by L4 software from the chipmaker in H1 2027. The initial deployment will occur in Los Angeles and San Francisco before expanding to 28 cities globally by 2028. Uber shares rose 5.2%, while Nvidia shares fell 0.2%.