S&P 500, Nasdaq hit records as bond yields ease; earnings season ahead
US equities closed higher with the S&P 500 and Nasdaq setting new records, supported by moderating bond yields and strength in big tech. The move reflects continued risk appetite ahead of the upcoming earnings season, though the sustainability of the rally hinges on corporate results and yield trajectory.
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US Equities: S&P 500 and Nasdaq Reach Record Highs Driven by AI and Tech
The S&P 500 and Nasdaq have reached new record highs, with the S&P 500 surpassing 7,800 for the first time. This rally is primarily driven by investor optimism in AI chipmakers and broader tech, supported by easing bond yields and expectations of strong corporate earnings. The sustainability of this rally is uncertain given persistent macro headwinds including elevated oil prices, high interest rates, and a bond market slump.