U.S. stocks nudged to fresh record highs by midday Tuesday as a renewed surge across semiconductor and AI-infrastructure names offset a lingering standoff between Washington and Tehran that kept crude oil firm.
• Marvell Technology stock is at critical resistance. Why are MRVL shares at highs?
The S&P 500, Nasdaq 100 and Dow all pared earlier losses to trade above the flatline, with chip leaders doing the heavy lifting.
The S&P 500 added 0.2% to 7,614, and the Dow Jones Industrial Average rose 0.2%, or about 76 points, to 51,155.
The Nasdaq 100 outperformed with a 0.4% gain to 30,649, powered by the chip complex.
The small-cap Russell 2000 outpaced its large-cap peers, climbing 0.8% to 2,929.
Tuesday’s Performance In Major U.S. Indices
According to the Benzinga Pro platform:
Optical Networking Roars, Software Stocks Pullback
Huang’s emphasis on the networking bottleneck between GPU racks sent optical-component makers soaring.
Tuesday’s Russell 1000 Top Gainers
Tuesday’s Russell 1000 Top Losers
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