S&P 500, Nasdaq reach record closing highs as focus pivots to earnings
The S&P 500 and Nasdaq reached record closing highs on Tuesday as US Treasury yields eased and crude prices steadied, giving investors some reprieve from recent concerns. This rally allowed markets to shift focus to the upcoming third-quarter earnings season. The Dow, S&P 500, and Nasdaq each added roughly half a percent.
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- ✓ The S&P 500 and Nasdaq reached record closing highs on Tuesday.
- ✓ US Treasury yields eased and crude prices steadied, boosting equities.
- ✓ The Dow, S&P 500, and Nasdaq each added roughly half a percent.
What changed
The S&P 500 and Nasdaq achieved record closing highs as market focus pivoted to earnings.
Live updates
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S&P 500 and Nasdaq hit record closing highs
The S&P 500 and Nasdaq reached record closing highs on Tuesday as US Treasury yields eased and crude prices steadied, giving investors some reprieve from recent concerns. This rally allowed markets to shift focus to the upcoming third-quarter earnings season. The Dow, S&P 500, and Nasdaq each added roughly half a percent.
Why it matters
The recent performance of the stock market has been influenced by fluctuations in Treasury yields and oil prices. Easing yields and steadying crude prices provided a boost to equities. Investors are now looking ahead to the third-quarter reporting season for insights into corporate performance.
What is confirmed
- The S&P 500 and Nasdaq reached record closing highs on Tuesday.
- US Treasury yields eased and crude prices steadied, boosting equities.
- The Dow, S&P 500, and Nasdaq each added roughly half a percent.
What to watch next
- Upcoming third-quarter earnings reports
- Future movements in US Treasury yields and crude prices
confidence 100%Sources used for this update (19)
- CNBC — Stock futures edge higher after Nasdaq hits new record: Live updates
- reuters.com — Wall St futures rise as yields, oil dip
- finance.yahoo.com — S&P 500 set to open near record highs as Treasury yields cool, oil slips
- Yahoo! Finance Canada — US Equity Markets End Higher as Big Tech Gains, Government Bond Yields Fall
- CP24 — U.S. stocks rise toward an all-time high after oil prices ease
- Yahoo! Finance Canada — Update: Big Tech Pushes US Equity Indexes Higher Amid Lower Treasury Yields
- CNBC — Chart: A look at the S&P 500's remarkable and defiant trip to a new record
- Bloomberg.com — S&P 500 Notches First Record Close Since August
- CNN — US stocks hit record high, shrugging off bond market turmoil
- WSJ — The S&P 500 Hits a New Record High, Powered by Tech—and Not Much Else
- Yahoo Finance — S&P 500 And Nasdaq 100 Soar To Record Highs Amid Rising Bets Of Strong Quarterly Earnings — CEG, LCID, SPCX, MRVL In Focus
- Investor's Business Daily — Dow Jones Futures: S&P 500 Hits High As Astera, GE Vernova, Arista Lead Buys, But These Stocks Tumble
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