10.02.202614:35:00UTC+00US Stocks Hold Gains on Tuesday

US equities edged higher on Tuesday, extending gains from the previous two sessions as investors weighed signals on AI-related capital spending and weaker-than-expected retail data pushed yields lower across the curve. The Dow rose by 200 points to notch another record close, while the S&P 500 and Nasdaq 100 posted modest advances. December retail sales came in sharply below forecasts, highlighting a more fragile consumer during the holiday period and prompting rate traders to increase bets on the Federal Reserve delivering more than two rate cuts this year. Chipmakers outperformed, with Nvidia, AMD, and Broadcom each gaining close to 1% after TSMC reported robust January order books. In contrast, Alphabet slipped more than 1% despite securing strong initial demand for the first tranche of its large bond issuance program. Coca-Cola declined over 3% after missing fourth-quarter revenue estimates, and CVS fell more than 1% following full-year guidance that came in below expectations.