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The S&P 500 moved within striking distance of its all-time high as the 10-year Treasury yield fell to 5.27%, according to a market check by AlphaCheck.
The broader equity advance followed the Nasdaq Composite posting a fresh record, a move driven by shares of Nvidia hitting all-time highs.
The decline in the 10-year yield, a benchmark for mortgages and other loans, provided a supportive backdrop for stock prices. In the energy sector, Brent crude futures declined to trade near $97 per barrel.
Market participants overwhelmingly expected the Federal Reserve to hold interest rates steady during the current month, a view that aligned with the easing in Treasury yields.
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