U.S. stocks rose and the broad S&P 500 hit a record high as artificial-intelligence bets regained upward momentum and oil futures levelled off.

The Dow Jones Industrial Average rose 253.38 points, or 0.49%, to 51521.28. The S&P 500 gained 44.98 points, or 0.58%, to a new record high of 7818.93. It was the broad gauge's 28th record close in 2026 and the first since August, according to Dow Jones Market Data. The tech-heavy Nasdaq Composite added 122.48 points, or 0.45%, to 27599.79.

Oil futures rose a penny, or 0.01% to $89.44 a barrel in New York. While oil shipments through the Strait of Hormuz remain far below prewar levels, overall exports from the Middle East are rapidly recovering, The Wall Street Journal reported. The spike in fuel prices and its knock-on effects on inflation and interest rates had threatened to spoil the gains tied to AI investments in global markets this year.

The yield on the two-year Treasury declined 0.042 percentage point to 4.789%. The yield on the 10-year Treasury note fell 0.040 percentage point to 5.270%, retreating from a 24-year high. The yield on the 30-year bond ticked down 0.023 percentage point to 5.641%, finishing just off multiyear highs.