Two of the three main equity indexes traded in record territory Tuesday as Wall Street returned from a three-day weekend, and markets looked beyond continuing uncertainty in the Middle East. Apple (AAPL, -0.2%) hit a new high on optimism about its artificial intelligence (AI) initiatives amid broad gains for tech-related names, while energy, consumer staples and healthcare stocks struggled.
At the closing bell, the tech-heavy Nasdaq Composite had added 1.2% to 26,656, and the broad-based S&P 500 had risen 0.6% to 7,519 — new all-time closing highs.