The S&P 500 climbed 0.58% to a record close of 7,818.93, while the Nasdaq Composite added 0.45% and closed at a record 27,599.79. Treasury yields eased and mega-cap tech remained strong amid optimism around a nuclear deal between Constellation Energy and Google parent Alphabet. Mega-cap chipmakers drove gains as AI enthusiasm overshadowed elevated bond yield concerns.
→ Investors will look to the Fed's September meeting minutes this week for clues on the path of interest rates.
→ 10-year Treasuries at 5.32%, Brent crude above $100/bbl, and widening European sovereign spreads signal a tight financial environment. For traders, the key focus remains whether narrow AI leadership can continue to insulate broad equity indices as long-end yields test multi-decade highs.
→ After-hours earnings and M&A announcements from tech and industrials names following the indexes' record closes.