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Stock market today: S&P 500, Nasdaq hit investor optimism regarding the artificial intelligence boom and upcoming earnings reports outweighed concerns over a global bond sell-off and rising diesel prices.
The Nasdaq Composite (^IXIC) climbed 0.4% to secure a second consecutive record high, driven by shares of Nvidia (NVDA) and AMD (AMD) reaching all-time peaks.
The Dow Jones Industrial Average (^DJI) gained 0.5%. The S&P 500 (^GSPC) rose 0.7%, marking its first record closing high since August.
(^DJI)
Treasury yields retreated on Tuesday, with the 10-year yield (^TNX) settling at 5.27% following a climb to its highest closing level in 24 years. The 30-year yield (^TYX) reached 5.64%, remaining near its highest point since 2002.
The technology sector maintained its momentum after AMD CEO Lisa Su remarked that demand for compute continues.
