06.10.202620:11:33UTC+00US Stocks Hit Record Highs on Tech Gains

US stock indices closed higher on Tuesday, supported by heavyweight technology shares as the recent surge in bond yields paused, easing pressure on the sector’s credit outlook. The S&P 500 rose 0.6% and the Nasdaq 100 gained 0.5%, with both indexes finishing at record highs, while the Dow advanced 253 points.

AI infrastructure and hyperscaler stocks were broadly stronger, as a steady flow of new deals continued to fuel speculative demand for the technology. OpenAI was reportedly in talks to raise $30 billion in a new funding round with investors from the UAE. Alphabet added 0.3% ahead of announcing an agreement to secure nuclear power capacity from Constellation Energy, whose shares surged 12.2%.

Chipmaker AMD climbed 2.8% after CEO Lisa Su pointed to robust chip demand over the coming years. Among other megacaps, Microsoft advanced 0.8%, Amazon gained 1.9%, and Nvidia edged up 0.1%.