S&P 500 hits all-time high as AI profits and falling oil prices fuel rally

The S&P 500 surged 1.8% on Tuesday, topping its previous all-time high set a few months ago. The Dow Jones industrial average added 907 points (1.7%) to its own record, while the Nasdaq jumped 2.6%. The rally was driven by strong AI-related corporate profits and easing oil prices.