U.S. stocks hit record highs on Tuesday, with hopes for a Federal Reserve interest rate cut. The S&P 500 and Dow Jones climbed, setting new records. Traders expect a rate cut to combat weak job market data, which was revised to show an overestimation of 911,000 jobs.

Wall Street bets on a Fed rate cut next week to address job market concerns over Trump’s tariffs. Investors hope for a balance between economic slowdown and manageable inflation. Expectations for rate cuts are tempered by revised job growth data, impacting Treasury yields.

UnitedHealth Group’s stock rose 8.6% after affirming its 2025 profit forecast. Nebius Group soared 49.4% due to a lucrative GPU services contract with Microsoft. Fox dropped 6.1% following a control agreement within Rupert Murdoch’s family. Apple fell 1.5% after unveiling new iPhones.

In international markets, France’s CAC 40 rose amid government confidence crisis. Japan’s Nikkei 225 fell 0.4% due to political uncertainty. Bond market saw a slight rise in the 10-year Treasury yield to 4.08%. Indexes were mixed in Europe and Asia, reflecting global economic challenges.

Read more at Yahoo Finance: Wall Street rises to more records