New York —
US stocks jumped Tuesday morning, putting the S&P 500 on track for its first record high since June.
The S&P 500 is back near all-time highs while investors digest corporate earnings, reassess bets on artificial intelligence and monitor developments in the Middle East.
Nerves about AI roiled markets earlier this summer, but a strong earnings season, rotation into different sectors and rebound in tech has helped to push the S&P 500 back toward record highs.
The S&P 500 rose 0.5% shortly after the opening bell and traded at 7,640 points. A gain of at least 0.13% on the day would put the index at a new closing record high, surpassing its previous closing peak on June 2.
