U.S. equities near historic rally despite geopolitical tensions lifting Brent crude prices and bond yields.
The S&P 500 closed at another record high Tuesday, extending its winning streak to nine sessions as AI-driven tech stocks led gains. A 10th consecutive advance Wednesday would mark the index’s longest streak in over 30 years, according to market data.
Oil prices climbed more than 2% to around $98 per barrel after U.S. forces intercepted Iranian missile attacks in the Gulf. Bond yields also rose, but equity markets showed little reaction, with Asian tech indexes hitting new highs. Wall Street futures and European shares edged lower in early trading.
The yen weakened near the 160-per-dollar level as geopolitical risks bolstered the U.S. currency. The SOX chip index surged over 5%, underscoring investor focus on AI-related gains amid broader market resilience.