US stocks climbed on Tuesday, with the S&P 500 and Nasdaq Composite both closing at fresh record highs as Treasury yields pulled back from multi-year peaks.
US stocks climbed on Tuesday, with the S&P 500 and Nasdaq Composite both closing at fresh record highs as Treasury yields pulled back from multi-year peaks.
Market Snapshot
• S&P 500: up 0.6% to close around 7,819 — its 28th record close of the year and first close above 7,800.
• Nasdaq Composite: up about 0.5%, a second straight record close.
• Dow Jones: up 253 points (0.5%).
What's Driving It
Falling Treasury yields: the 10-year yield eased to around 5.27–5.29% after touching its highest level since 2002 on Monday. Lower yields reduce pressure on stock valuations.
AI optimism: artificial-intelligence stocks continue to lead the rally. Nvidia set its third straight intraday record and is closing in on a $6 trillion market capitalization — a first for any company.
Earnings season ahead: analysts expect S&P 500 third-quarter earnings to rise more than 30% year over year, with AI-related companies a major contributor.
Other Movers
• Constellation Energy surged 12% after sealing a 20-year power deal with Google.
• Walmart, Amazon, Home Depot gained around 2% each; Cisco jumped 4.5%.
• Oil: WTI crude around $89.80/barrel, Brent near $100–101 as traders watch Middle East supply.
• Small caps lagged: the Russell 2000 fell 0.7%.
Sources: WSJ, Investopedia, Investors.com — market data as of Tuesday's close. This is not financial advice.
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