S&P 500, NASDAQ reach record territory as oil and bond yields retreat

Nasdaq: The Nasdaq refers to the Nasdaq Composite Index, which includes thousands of stocks listed on the Nasdaq exchange with a heavy emphasis on technology and innovation-driven companies. It serves as a key indicator of performance in growth and tech sectors. The index advanced into record territory alongside the S&P 500 in the news update. S&P 500: The S&P 500 is a market-capitalization-weighted index tracking the stock performance of 500 large U.S. companies across various sectors. It is widely regarded as a primary benchmark for the overall health of the American equity market. The index reached record territory in the final hour of trading amid the reported market movement. Market Drivers: Declining oil prices and retreating bond yields created a favorable environment for equity gains in the session. Trading Session: Late-day momentum carried both major indices to fresh highs before the market close.