Nasdaq Composite rises 0.63 percent in afternoon trading as yields ease

The index is extending Monday's record as falling Treasury yields and oil prices support AI-linked technology shares; Fed remarks are due later Tuesday.

The Nasdaq Composite was at 27,650.92 points, up 0.63 percent at 9:47 a.m. ET on October 6, extending Monday's record close as Treasury yields retreated and oil prices fell. Yahoo Finance reported the level and change, while Nasdaq listed the previous close at 27,477.31 points.

Drivers of the day

According to The Economic Times, the Nasdaq Composite and the S&P 500 reached record levels as Treasury yields eased from multi-year highs and oil prices declined. The move extended a technology-led advance ahead of the quarterly earnings season.

AI-linked shares remained central to the advance. Yahoo Finance said Nvidia and Microsoft helped drive Monday's record close, when the shares gained 2.1 percent and 1.5 percent, respectively.

What is still ahead

Dallas Federal Reserve President Lorie K. Logan is scheduled to speak at 6:00 p.m. ET on October 6, according to Investing.com. The Federal Reserve calendar lists the minutes of the September 15-16 meeting for October 7, and the release is scheduled for 2:00 p.m. ET, according to the Federal Reserve.

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