Closing Bell: S&P 500, Nasdaq-100 Hit Records as Yields, Oil Ease

The S&P 500 (SPX) and Nasdaq-100 (NDX) set fresh highs Tuesday as Treasury yields retreated from multi-year peaks and oil prices steadied. 

The S&P 500 was up 0.58%, with component Constellation Energy (CEG) spiking on a transaction that lifted the utilities sector, the best performing SPX sector. The health care sector lagged. The Dow Jones Industrial Average ($DJI) moved higher by 0.49%. The Russell 2000 (RUT) fell 0.59%. The tech-heavy Nasdaq-100 rose 0.48%. 

The PHLX Semiconductor Sector Index (SOX) rose 0.34%. Advanced Micro Devices (AMD) shares reached a record on continued chip-demand optimism. Memory-storage stocks Seagate Technology (STX) and Western Digital (WDC) tumbled on reports that Toshiba plans to double hard-disk-drive output. 

Treasury yields were lower Tuesday after they rallied to their highest levels since 2002 on Monday. The benchmark 10-year Treasury note yield fell more than 4 basis points to 5.27%, while the 30-year bond yield declined more than 2 basis points to 5.64%. The U.S. benchmark price for crude (/CL) was up 0.48% to roughly $89.86 per barrel. See When Will Bonds Start Competing with Stocks Again? | Market On Close 

Three things to watch from today's market: 

Nvidia (NVDA) Marches Toward $6 Trillion 

Nvidia shares, up Tuesday, reached a new all-time high, resulting in a market capitalization approaching $6 trillion. The advance may underscore investor conviction that AI-driven compute demand will persist through 2026, despite the recent rise in bond yields. See Options Corner: Technicals Supporting NVDA All-Time High | Morning Movers  

Nuclear Power in the Spotlight 

Constellation Energy jumped 12% Tuesday on news it arranged a 20-year deal to supply Alphabet (GOOGL) with 890 megawatts of nuclear capacity. Alphabet shares were up 0.35%, while power producers Talen Energy (TLN) and Vistra (VST) rose more than 12% and nearly 11% respectively. The agreement underscores the energy supply hyperscalers need to meet AI datacenter demand. See our recent article, S&P 500 and Nasdaq 100 Post Record Highs as Crude Prices and Bond Yields Fall and watch SPX & NDX Hit Record Highs as Crude Oil Slides to Key Support 

FOMC Minutes Take Center Stage 

The Federal Reserve releases minutes from its September meeting at 2:00 PM ET Wednesday, offering insight into the debate behind last month's 25-basis-point rate hike. With the 10-year Treasury yield near 20-year highs, investors will scan for any dovish shift ahead of the two-day October policy meeting. See Pressure Builds on Both Sides of Fed's Dual Mandate, Treasury Yield Demand 

For this week’s economic and earnings calendars, see: Week Ahead: FOMC Minutes Kick Off Final Quarter of 2026  

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