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 and SPX & NDX Hit Record Highs as Crude Oil Slides to Key Support 

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 Higher Rates Ding Utilities as Power Investments Gain Traction

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  

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, futures commission merchant or forex dealer member.

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.