Stocks hit record high, shrugging off bond market turmoil | CNN Business

Stocks pushed to record highs as investors leaned back into artificial intelligence despite fresh stress in bond markets. The S&P 500 rose 0.7% Tuesday to 7,830 points, its all-time high and first intraday record in nearly two months, with a first close above the prior August 13 peak likely if gains held near 0.3% by the end of the day. The index notched its 28th record high of 2025. The Nasdaq Composite had closed at a record on Monday. Tech and AI drove the rally while sectors such as real estate, financials, materials and utilities fell more than 5% on multi-year high Treasury yields. Nvidia, up 6% this month, accounted for more than 8% of the S&P 500.