India, Oct. 6 -- The US stock market moved higher on Tuesday, October 6, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all gaining, while the S&P 500 and Nasdaq reached record highs. Investors were encouraged by easing Treasury yields and falling oil prices, while optimism surrounding artificial intelligence stocks and expectations for strong third-quarter earnings also supported sentiment.

33 a.m. ET, the Dow Jones was up 359.08 points, or 0.70%, at 51,626.98. The S&P 500 gained 66.16 points, or 0.86%, to 7,840.66, while the Nasdaq Composite climbed 228.58 points, or 0.83%, to 27,705.89.

Why is the US Stock Market Up Today?

The latest Wall Street gains have been driven by several factors. Treasury yields eased fr...