{
  "id": 12483640,
  "title": "S&P 500, Nasdaq reach record closing highs as focus pivots to earnings",
  "url": "https://urgent.news/2026/10/06/s-p-500-nasdaq-reach-record-closing-highs-as-focus-pivots-to-earnings-12483640",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T21:58:53.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/07/s-p-500-nasdaq-reach-record-closing-highs-as-focus-pivots-to-earnings"
  },
  "original_language": "en",
  "account": "On Tuesday, US stocks surged to record high closings amid stabilizing oil prices and easing US Treasury yields, shifting investor focus towards upcoming third-quarter earnings reports. The S&P 500 and Nasdaq both reached all-time highs, with the Dow nearing its August record despite trailing by 5%. Wealthspire Advisors Senior Vice-President Oliver Pursche attributed the market's buoyancy to reduced energy inflation concerns and lower yields following G7 emergency oil stockpile releases. Six of the Magnificent Seven AI-linked megacap firms led the gains, while small-cap stocks lagged. The AI sector continued its strength, with the Philadelphia Semiconductor Index surging. Trade data showed a 4.4% rise in August imports of capital goods, while the US trade deficit expanded by 13.7%. The Fed's likelihood of two consecutive rate hikes at this month's meeting dropped to 19.4%, down from 50.9%, as oil prices surged due to the Iran war and eased after the G7 agreement. Analysts projected robust third-quarter earnings growth, with energy and tech sectors expected to show significant gains.",
  "summary": "Third-quarter earnings season kicks off next week, with a number of high-profile financial firms expected to report next Tuesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "S&P 500, Nasdaq reach record closing highs as focus pivots to earnings",
        "url": "https://urgent.news/2026/10/06/s-p-500-nasdaq-reach-record-closing-highs-as-focus-pivots-to-earnings",
        "published": "2026-10-06T20:49:28.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "S&P 500, Nasdaq reach record closing highs as focus pivots to earnings",
        "url": "https://urgent.news/2026/10/06/s-p-500-nasdaq-reach-record-closing-highs-as-focus-pivots-to-earnings-12481665",
        "published": "2026-10-06T21:49:28.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "S&P 500, Nasdaq reach record closing highs as focus pivots to earnings",
        "url": "https://urgent.news/2026/10/06/s-p-500-nasdaq-reach-record-closing-highs-as-focus-pivots-to-earnings-12483683",
        "published": "2026-10-06T21:58:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}