US stock market hits record highs as AI profits pile and oil prices ease

S&P 500 shot up 1.8% and the main measure of Wall Street's health topped its prior all-time high set a few months ago

The US stock market rallied to records on Tuesday as profits kept piling up for companies and as oil prices eased.

The S&P 500 shot up 1.8%, and the main measure of Wall Street's health topped its prior all-time high set a couple months ago. The Dow Jones industrial average added 907 points, or 1.7%, to its own record set the day before, while the Nasdaq composite jumped 2.6%.