US Stocks Extend Record Highs
US stocks were mostly on Tuesday to extend the record highs reached in the previous session with support from heavyweight tech stocks, as markets continued to assess future returns of artificial intelligence companies and the outlook on rates.
The Dow was 250 points higher, while the S&P 500 and the Nasdaq 100 were close to the flatline. Nvidia inched lower after soaring 4% in the previous session as it unveiled plant invest as much as $100 billion in OpenAI. In the meantime, Kenvue jumped over 5% to recoup losses from the prior session as investors reconsidered the impact of President Trump's baseless criticism of the company's drug, Tylenol.
Additionally, Boeing jumped more than 2% to lead the Dow after Trump said a new order from Uzbekistan Airways is worth $8 billion. On the macroeconomic front, markets awaited remarks from Federal Reserve Chair Powell ahead of personal income and outlays data on Friday.
Source: Trading Economics
