2025.10.2813:38:43UTC+00US Stocks Hit New Highs for Third Straight Session

On Tuesday, U.S. stocks continued their upward momentum, with the S&P 500 increasing by 0.3%, the Dow Jones gaining 350 points, and the Nasdaq rising by 0.6%. This marked further progress from the record highs achieved in the previous two sessions. Investor sentiment was buoyant, driven by robust corporate earnings, ongoing interest in artificial intelligence, and expectations of a 25 basis point rate cut by the Federal Reserve on Wednesday. Technology stocks were at the forefront, although the real estate sector lagged. Nvidia saw an approximate 2% increase, while Microsoft surged by 3.2% following the finalization of a new agreement in its long-standing partnership with OpenAI. UnitedHealth advanced by 1.3% after revising its 2025 profit forecast upward, and UPS achieved a 10.9% jump due to better-than-anticipated earnings and revenue figures. Amazon experienced a modest gain of 0.6% after announcing 14,000 corporate layoffs.