Tech rally lifts US indices to records; Intel lags on earnings concerns

US equities, particularly the Nasdaq, achieved record highs on Monday, driven by a broad tech rally and AI-related stocks. This occurred despite rising Treasury yields, elevated oil prices, and persistent macro headwinds, with Intel notably underperforming due to earnings concerns. The market's continued risk appetite appears to be supported by corporate earnings and weak labor data reducing rate hike expectations, though future direction is contingent on upcoming Fed signals and economic data.