Market Mania: AI Frenzy and China Trade Hopes Send Stocks Soaring to Record Highs
U.S. stock indexes closed at record highs Tuesday, with the Dow near 47,706, S&P 500 at 6,890, and Nasdaq at 23,827. Nvidia jumped 5% and Microsoft 2% on AI news, pushing tech stocks higher. Markets are pricing in a near-certain Fed rate cut Wednesday. Gold hit $3,950/oz and Bitcoin topped $125,000 as Treasury yields fell.