New York stocks pushed higher on the 5th (local time), with the Nasdaq Composite setting a fresh all-time intraday high. U.S. Treasury yields hovering near multi-year peaks weighed on sentiment, but mega-cap technology names led by Nvidia carried the index upward. As of 11:30 a.m. New York time, the S&P 500 was up 0.45% at 7,756.62, while the Nasdaq Composite traded 0.76% higher at 27,400.23. The Nasdaq spiked as high as 27,404.02 intraday, surpassing its previous record. The Dow Jones Industrial Average was roughly flat to slightly lower. Mega-cap tech anchored the rally. Nvidia climbed 1.1%, closing in on the record high it set in the prior session. Meta Platforms, Microsoft, and Tesla each rose more than 1%.
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