● S&P 500 HITS RECORD CLOSE AMID SURGING YIELDS

The S&P 500 ($SPX) closed at an all-time high of 7,833.70 on Tuesday, up 0.77% in the session, even as the 10-year Treasury yield held near 5.28%. Technology shares drove the gain, pushing the index to its highest close ever despite borrowing costs sitting near multi-decade highs. Stocks and bonds are pulling in opposite directions, and for now equities are winning.