TL;DR
Get smart everyday buys delivered free — and shop member deals
- Fast, free delivery on millions of items
- Access to Prime Big Deal Days deals on October 6–7
- Prime Video, Amazon Music and more included
The S&P 500 rose 0.6% to a record closing level of 7,819, its first all-time high since August, while the Nasdaq Composite reached a new high for a second consecutive session. Treasury yields pulled back from recent highs as investors focused on AI-related stocks, including Constellation Energy, which surged after announcing a long-term power agreement with Google.
The S&P 500 closed at 7,819, up 0.6%, reaching its first new all-time high since August, while the Nasdaq Composite rose 0.5% to 27,599 for a fresh record for the second straight trading session. The gains came as Treasury yields eased from recent highs and investors continued to weigh demand for artificial-intelligence infrastructure ahead of another earnings season.
The Dow Jones Industrial Average gained 0.5% to 51,521, although the report said it remained about 6% below its own record. The S&P 500 extended its winning streak to four sessions. The indexes had fluctuated during the day as global bond-market selling pressure eased, according to the report.
Bond yields moved lower: the two-year Treasury yield fell 3.3 basis points to 4.798%, the 10-year yield declined 2.7 basis points to 5.284%, and the 30-year yield slipped 0.5 basis points to 5.659%. A basis point is one-hundredth of a percentage point. Front-month West Texas Intermediate crude futures rose 0.4% to $89.80 per barrel; the report said traffic through the Strait of Hormuz was improving amid rising attacks by Iran.
AI-related shares were a prominent focus. Nvidia edged up 0.1% as it approached a reported $6 trillion market value. Amazon rose 2.0%, Microsoft gained 0.8%, Alphabet added 0.4%, and Apple advanced 0.2%; Meta fell 0.4%. Dow Jones Market Data said the combined value of the Magnificent Seven companies surpassed $25 trillion for the first time that Tuesday.
AI Spending Meets Record Indexes
Record closes put the S&P 500 and Nasdaq at new peaks, but the session’s advance does not by itself establish that gains will continue. The performance matters to investors because major indexes reflect the value of a wide range of listed companies, while their movements can also be heavily influenced by a small number of very large technology firms. In this session, renewed attention to AI infrastructure spending helped shape trading in the biggest companies.
The market’s focus is also extending beyond chipmakers. Constellation Energy climbed 12.3% after announcing a long-term arrangement with Google, underscoring how data-center growth can draw attention to electricity suppliers and nuclear generation. The rally was one company’s market response to a specific agreement, not proof that every utility will benefit equally or that projected demand will translate into guaranteed earnings.
Lower Treasury yields can affect how investors value stocks, particularly companies whose expected profits lie further in the future. The yields in the report declined, but remained elevated relative to recent levels described by the source. Investors will be watching whether bond-market pressure continues to ease and whether upcoming company results support expectations embedded in share prices.
AI stock trading books for beginners
As an affiliate, we earn on qualifying purchases.
As an affiliate, we earn on qualifying purchases.
What Drove the Trading Session
The session combined a broad-market milestone with a continuing debate over AI-related investment. The S&P 500’s new closing record followed a four-session winning streak, while the Nasdaq reached its second consecutive record. The Dow also rose, but the source put it roughly 6% below its own high, showing that the three indexes were not at the same point in their record cycles.
Several market forces were in view. The report described global bond selling pressure as easing, with Treasury yields retreating from recent highs. Oil prices also moved modestly higher, while the article cited improving Strait of Hormuz traffic alongside increased attacks by Iran. The report did not quantify the shipping changes or connect them to a specific forecast for oil prices.
Company news added a more direct AI-and-energy angle. Constellation Energy said its agreement with Google includes a 20-year power purchase agreement supporting upgrades that could add 890 megawatts of capacity at 11 of its nuclear plants in Illinois, Pennsylvania and New Jersey. Alphabet also agreed to buy another 2,700 megawatts from Constellation’s broader power fleet over 15 years. The companies said they would use Google Cloud and Gemini Enterprise in work on an “AI for energy” blueprint.
The deal follows earlier long-term power agreements cited in the report: Constellation agreed in 2024 to restart the Three Mile Island plant with support from a 20-year agreement with Microsoft, and reached another 20-year agreement with Meta last year. Those developments provide relevant history, but the source gives no updated estimate of the new agreement’s financial contribution to Constellation.
“The company described its work with Google Cloud and Gemini Enterprise as an “AI for energy” blueprint.”
— Constellation Energy, as described in the Kiplinger report
As an affiliate, we earn on qualifying purchases.
What the Record Close Cannot Tell
The source provides closing index levels and daily percentage moves, but no date for the trading session in the supplied material. It also does not establish whether the record-setting momentum will persist, how upcoming earnings will affect expectations, or whether the easing in Treasury yields will continue.
Some claims in the report are forecasts or interpretations. Navellier’s comments about seasonal strength, the election cycle and political debate are attributed opinions. The report does not provide evidence that these factors caused the market’s gains. It also does not state how much revenue or profit Constellation expects from the Google agreements, when the planned capacity upgrades will be completed, or how the agreements’ economics compare with the company’s costs.
The report says Nvidia was nearing a $6 trillion market value and cites a combined value above $25 trillion for the Magnificent Seven, but it does not provide a valuation methodology or a longer-term comparison for those figures. The day’s gains therefore confirm a record close, not the durability or breadth of the rally.
As an affiliate, we earn on qualifying purchases.
Earnings and Power Plans Ahead
Investors will next look to the approaching earnings season for updates on company results and guidance, including evidence of how AI investment is affecting sales, costs and planned capital spending. The source does not give an earnings calendar or identify a specific upcoming company report as the next market catalyst.
Market participants will also monitor Treasury yields, oil prices and developments affecting shipping through the Strait of Hormuz. For Constellation and Google, the announced power arrangements point to further work on plant upgrades and energy-related technology, but the report gives no construction schedule or additional deal dates. Until those details emerge, the record-setting session is best read as a snapshot of market performance rather than a forecast.
As an affiliate, we earn on qualifying purchases.
Key Questions
What records did the S&P 500 and Nasdaq set?
The S&P 500 closed at 7,819, up 0.6%, marking its first new all-time high since August. The Nasdaq Composite rose 0.5% to 27,599, setting a fresh high for a second consecutive trading session.
Did the Dow Jones also reach a record?
No. The Dow Jones Industrial Average rose 0.5% to 51,521, but the report said it remained about 6% below its own new high.
Why did Constellation Energy shares rise?
Constellation gained 12.3% after announcing a long-term power arrangement with Google. The agreement includes a 20-year power purchase agreement tied to upgrades that could add 890 megawatts of capacity at 11 nuclear plants, plus a separate commitment for Alphabet to buy 2,700 megawatts from Constellation’s wider fleet over 15 years.
Did Treasury yields rise or fall during the session?
They fell. The two-year Treasury yield declined 3.3 basis points to 4.798%, the 10-year yield dropped 2.7 basis points to 5.284%, and the 30-year yield eased 0.5 basis points to 5.659%, according to the report.
Does the record close mean stocks will keep rising?
No. The closing record describes what happened in that session; it does not predict future returns. Upcoming earnings, bond yields and developments in AI and energy investment may influence trading, but the report does not confirm how those factors will affect the market.
Source: rss
Halloween Picks
halloween
As an affiliate, we earn on qualifying purchases.
