Business
S&P 500 and Nasdaq surge to record highs on AI chipmaker rally
October 6, 2026 at 11:34 PM
The S&P 500 and Nasdaq closed at record highs Tuesday, driven by an AI-chipmaker rally and a dip in Treasury yields.
- The S&P 500 closed up 0.58 percent, topping 7,800 points for the first time.
- The Nasdaq Composite also closed at a record high.
- The 10-year Treasury yield eased after reaching 5.35 percent on Monday.
- Brent crude fell 2 percent to $98 per barrel, down from recent triple-digit prices.