US stock indices touch record highs as crude prices and bond yields drop

The S&P 500 and the Nasdaq reached record closing highs on the US stock market, driven by steady crude oil prices and lower Treasury yields. This growth gave investors relief and pointed to a broad market rise. Market focus now turns to third-quarter earnings reports, with people watching for updates from firms like AMD and Constellation Energy.

Context

Stock markets regularly react to shifts in bond yields and oil prices because these factors change the cost of borrowing and doing business. Major market indices like the S&P 500 and Nasdaq track the performance of leading American companies. Quarterly earnings reports give investors a clear look at how much profit these major businesses are actually making.