The S&P 500 and Nasdaq set record closes on Tuesday after bond yields eased and oil steadied, with Nvidia at an all-time high and software stocks at a 2026 high.
The S&P 500 and the Nasdaq Composite closed at record highs on Tuesday as a pause in the bond sell-off and steadier oil prices opened the way for another technology-led rise, Reuters reported.
Ten of the 11 S&P 500 sectors rose. Health care was the exception. Utilities gained 3 percent and consumer discretionary stocks 1.4 percent. Software shares rose 1 percent to a 2026 high. Marvell Technology gained 6 percent and Cisco 4.5 percent. Nvidia hit an all-time high. Seagate Technology fell 14 percent.
Japan's Nikkei rose 1 percent to a three-month high, Europe gained 0.5 percent and the FTSE 100 rose 0.4 percent. The dollar slipped 0.3 percent from Monday's 17-month high, and the Canadian dollar rose 0.4 percent. US yields eased 3 to 4 basis points. A three-year Treasury auction cleared at the highest yield since 2006. Japan's 30-year yield hit a new high of 4.25 percent.
The session came as investors headed into the third-quarter earnings season. Reuters also noted record August imports in a separate data release on Tuesday.
No new policy decision accompanied the equity records. The next scheduled check on the rally is the start of major earnings reports.