S&P 500, Nasdaq Hit Record Highs on Easing Yields, Falling Oil
The S&P 500 and Nasdaq reached new record highs on Tuesday, driven by a decline in Treasury yields from multi-year peaks and a drop in oil prices. Investors are now anticipating the upcoming quarterly earnings season, with most 'Magnificent Seven' stocks showing gains.
The benchmark S&P 500 and the Nasdaq hit record highs on Tuesday as Treasury yields eased from multi-year highs and oil prices fell, while investors looked ahead to the upcoming quarterly earnings season. Most of the 'Magnificent Seven' stocks edged higher.