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S&P 500 tops 7,800 for the first time as US stocks rally
The S&P 500 rose 0.58% on Tuesday to close above 7,800 for the first time; the Dow and Nasdaq also advanced while small caps lagged.
Why it matters
All three major US indexes closed higher on Tuesday (October 6), with the S&P 500 finishing above 7,800 for the first time ever, extending the tech-led rally. Markets are also awaiting Wednesday's release of the Federal Reserve's September meeting minutes for clues on the next rate move.
Full report
The S&P 500 gained 44.98 points (0.58%) to close at 7,818.93; the Dow Jones Industrial Average added 253.38 points (0.49%) to 51,521.28; and the Nasdaq Composite climbed 122.48 points (0.45%) to 27,599.79. The small-cap Russell 2000 fell 0.59%, underscoring the split between large and small caps. The 10-year Treasury yield eased to 5.28% from 5.31%, supporting equities.
In single stocks, Constellation Energy surged after announcing a long-term nuclear power supply deal with Alphabet to power AI data centers; infusion-services provider Option Care Health soared after McKesson and private-equity firm CD&R made a roughly US$5.8 billion takeover offer.
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