US Stocks Hit New Highs for Third Straight Session
US stocks extended gains on Tuesday, with the S&P 500 up 0.3%, the Dow Jones rising 350 points, and the Nasdaq advancing 0.6%, as all three major indexes built on record highs set over the past two sessions.
Investor sentiment remained upbeat, supported by strong corporate earnings, ongoing AI enthusiasm, and expectations that the Fed will announce another 25bps rate cut on Wednesday. Technology stocks led the advance, while real estate lagged. Nvidia added about 2%, and Microsoft jumped 3.2% after finalizing a new agreement in its long-negotiated partnership with OpenAI.
UnitedHealth rose 1.3% after raising its 2025 profit forecast, while UPS surged 10.9% on better-than-expected earnings and revenue. Amazon edged up 0.6% after announcing 14,000 corporate job cuts.
Source: Tradingeconomics.com