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S&P 500, Nasdaq hit record highs as Treasury yields stall, oil slips
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 ticked higher, with Meta, Tesla, Amazon and Microsoft all up between 0.5% and 1.7%. Chip designer Nvidia climbed 1.1%, pushing the market valuation of the world’s most valuable company close to the $6 trillion mark. Optimism surrounding the AI trade and hopes of strong corporate earnings lifted US equities lately, further boosting the bull market tha...
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