NEW YORK, March 2 ― US stocks rose yesterday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, with further support from declining Treasury yields.

The gains marked the second straight closing record for the Nasdaq, which also set an intraday record as AI-related names such as Nvidia and Meta Platforms led it past its prior peak of 16,212.23 set in November 2021.