Wall Street Indexes Hit All-Time Highs on AI Rally

Wall Street indexes, including the S&P 500 and the Nasdaq 100 Index, closed at all-time highs on Tuesday. The rally was primarily driven by shares in the artificial intelligence sector, with Nvidia Corp. seeing its market value approach 6 trillion dollars.

These gains occur immediately before the start of the U.S. earnings season next week and are expected to create a positive outlook for Asian markets. Despite the record-breaking performance, traders remain cautious. Elevated oil prices may pressure global bond yields, which could keep interest rates higher for a longer period.