US Stocks Notch Fresh High in Tech-Fueled Bull Run: Markets Wrap

US stocks closed at a new record on Tuesday, continuing a run driven by investor optimism over artificial intelligence and expectations of easier monetary policy from the Federal Reserve.

The S&P 500 Index finished up 0.6% to top a closing high hit in late December. The tech-heavy Nasdaq 100 Index climbed 0.9%, while the small-cap focused Russell 2000 notched a 1.4% gain.