Stock futures edge higher after Nasdaq hits new record: Live updates
The Nasdaq Composite jumped to a a fresh intraday all-time high and a record close on Monday.
TL;DR
- Nasdaq Composite hit a fresh record high and closing level on Monday.
- AI-related stocks like SpaceX, Nvidia, and Tesla saw significant gains.
- Tech sector of the S&P 500 also closed at a record high.
- Oil prices fell on Monday but showed slight gains Tuesday amid Middle East developments.
- Treasury yields remained elevated, with the 10-year note yield touching highs not seen since 2002.
- Concerns over government borrowing and fiscal sustainability are impacting longer-dated Treasurys.
- Foxconn reported record September sales, leading to a jump in its shares.
- Asia markets opened mostly higher, tracking Wall Street's gains.