S&P 500 Closes In on Record High as Tech Rallies

A rally in giant technology companies pushed the S&P 500 near a record and the Nasdaq 100 to a fresh peak. Investors largely ignored multi-decade high Treasury yields and inflation concerns. Meanwhile, political upheaval in Europe drove the euro to its weakest since May 2025. US oil prices extended declines as markets absorbed rising rates and energy costs. Following this tech-led momentum, Asian stocks were set to open higher, reflecting a resilient global market sentiment.