US stocks extend to new highs

US stocks extended their recent rally to reach new highs on Tuesday, as investors continued to bet on a strong economic recovery and the prospect of more fiscal stimulus.

The S&P 500 and the Nasdaq both closed at record levels, while the Dow Jones Industrial Average also gained ground.

Investors are optimistic about the prospects for the US economy, as Covid-19 vaccination rates continue to rise and the Biden administration pushes for a $1.9 trillion stimulus package.

Tech stocks were among the top performers, with Apple, Amazon, and Microsoft all posting gains.

The rally in US stocks comes despite concerns about rising bond yields and inflation, which have sparked volatility in the bond market in recent weeks.

Analysts say that the strong performance of US stocks reflects the optimism of investors, who are betting on a strong economic recovery and are willing to overlook short-term concerns about inflation and rising bond yields.