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S&P 500 Hits New Highs
The S&P 500 indexrose to a new all-time high, buoyed by gains in technology stocks and rising market confidence, as US Treasury yields for 10- and 30-year bonds declined to levels not seen since 2002. The Nasdaq index also reached record levels, supported by the strong performance of chipmakers such as Marvell Technology, which rose 6%, and AMD, up 3%. Investors are expecting the release of the Federal Reserve's meeting minutes, which may clarify future interest rate hikes, while a decline in oil prices helped support the market.
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