US Stocks Open Higher, AI Rally Pushes S&P 500 and Nasdaq Near Record Highs
What Happened
US stocks opened higher on Tuesday, extending Monday's rally, as easing oil prices and lower Treasury yields improved investor sentiment. Technology stocks continued to lead gains, supported by optimism around AI-driven earnings growth. Current Status (9:30 p.m. IST): S&P 500: Up about 0.7%-0.9%, on track for another record close. Nasdaq Composite: Up around 0.8%, continuing its record-setting run led by AI and semiconductor stocks. Dow Jones: Higher by roughly 0.5%-0.6%
Key Takeaways
Wall Street remains firmly positive, with the S&P 500 and Nasdaq near record highs as investors continue to bet on AI-led earnings growth while temporarily looking past concerns about elevated interest rates and geopolitical risks.