The Dow Jones Industrials advanced 56.76 points to 38,834.86.
The much-broader index gained 13.80 points to 5,487.03.
The NASDAQ inched up 5.21 points, to 17,862.23.
Nvidia jumped 3.5% to surpass Microsoft as the most valuable public company, and continue its milestone run after topping a $3 trillion market cap and breezing past Apple in value earlier this month. The chipmaker has surged 174% since the start of the year as enthusiasm for AI shows no signs of dwindling.
Some semiconductor stocks also rose in sympathy, with Qualcomm and Taiwan Semiconductor last up 2.2% and 1.4%, respectively. Micron Technology gained 3.8%. The sector also caught a bid from declining Treasury yields on the heels of weaker-than-expected retail sales report that spurred hopes for some economic slowing and Federal Reserve rate cut rates.
Tuesday’s moves follow a positive session on Wall Street that propelled the S&P and NASDAQ to all-time highs and record closing levels.
Retail sales rose 0.1% in May, versus the 0.2% growth forecast by economists polled by Dow Jones. Sales rose 2.3% on a year-over-year basis.
Prices for the 10-year Treasury strengthened, lowering yields to 4.21% from Monday’s 4.28%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.26 to $81.59 U.S. a barrel.
Gold prices rose $15.50 to $2,344.50