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Stock market hits record high on Wall Street as S&P 500 rises to 7,816 points on Tuesday. The tech-heavy Nasdaq index closed at a record high on Monday, setting the stage for the S&P 500's impressive gain. The tech-driven indices, particularly those associated with artificial intelligence, were leading the charge. SpaceX soared 7.63% following a Morgan Stanley note describing the stock as "cheap and getting cheaper."
The company's shares continued to climb 2.9% on Tuesday. Meanwhile, the 10-year U.S. Treasury yield hit its highest level since 2002 on Monday but has since retreated to 5.28%. Oil prices also fell on Tuesday, with a barrel of North Sea oil trading at $97.9, down from $100.1 the previous night. This price decline is boosting the stock market, according to CNBC. Oslo Børs is currently down 0.29% as of the latest update.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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