S&P 500, Nasdaq Hit Records, Power Stocks Rally on Google's Nuclear Deal: Stock Market Today

U.S. stocks extended their advance by midday Tuesday, with the S&P 500 advancing 66 points, or 0.9%, to 7,840, .The Nasdaq 100 gained 0.8% to 31,317, extending its advance for a sixth straight session.The Dow Jones Industrial Average rose 365 points, or 0.7%, to 51,632.Treasury yields retreated from a 24-year peak On the Macro FrontThe U.S. trade deficit widened to $105.6 billion in August from $92.8 billion in July, wider than the $102 billion forecast, as imports rose to $420.8 billion from $403.6 billion and exports increased to $315.2 billion from $310.7 billion.West Texas Intermediate crude slipped about 0.3% to roughly $89.12 per barrel, while Brent crude eased about 0.7% to around $99.64.The 10-year Treasury yield fell about 4 basis points to 5.27%, retreating from a 24-year high of 5.33%. The 2-year yield declined 2 basis points to 4.80%, and the 30-year slipped 3 basis points to 5.63%.Gold futures rose 0.7% to $4,188 per ounce, and the SPDR Gold Shares ) gained 0.5%. Silver futures climbed 0.5% to $61.60, while the iShares Silver Trust SLV) rose 0.3%.Bitcoin traded near $85,640, up 0.5% over the past 24 hours, extending a month-to-date gain of roughly 8% but still slightly below its start-of-year level.Tuesday’s Performance In Major US IndicesIndexLast% ChangeMTDYTDS&P 5007,840.19+0.85%+2.47%+14.53%Dow Jones51,632.42+0.71%+1.43%+7.43%Nasdaq 10031,316.51+0.77%+2.99%+24.03%Russell 20002,844.52-0.09%+1.70%+14.61%According to the Benzinga Pro platform:The iShares Russell 2000 ETF (NYSE:IWM) slid 0.3%.The Vanguard S&P 500 ETF (NYSE:VOO) gained 0.8%.The SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) rose 0.7%.The Invesco QQQ Trust climbed 0.7%.Power Stocks Soar on Constellation’s Nuclear Deal with AlphabetThe Industrials Select Sector SPDR Fund (NYSE:XLI) led S&P 500 sectors, rising 2.1%. The Technology Select Sector SPDR Fund (NYSE:XLK) gained 1.7%, and the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) added 1.2%.The Utilities Select Sector SPDR Fund (NYSE:XLU) rose 1.0% and the Consumer Staples Select Sector SPDR Fund (NYSE:XLP) gained 0.9%.Among industry funds, the First Trust Dow Jones Internet Index Fund (NASDAQ:FDN) climbed 2.6%, the VanEck Semiconductor ETF rose 2.0% and the iShares U.S. Home Construction ETF gained 1.7%.On the downside, the iShares Biotechnology ETF tumbled 3.4% and the VanEck Oil Services ETF (NYSE:OIH) fell 3.0%.Power Producers Dominate Russell 1000 LeaderboardConstellation Energy Corp. surged 13.9% after announcing a 20-year agreement with Google to supply 890 megawatts of nuclear capacity to the PJM grid.Talen Energy Corp. jumped 13.7% and Vistra Corp. gained 11.3% in sympathy.Corteva Inc. rallied 12.3% after JPMorgan upgraded the stock to Overweight from Neutral with a $19 price target.The shares also benefited from index-fund buying tied to the company’s move into the S&P MidCap 400, following its Oct. 1 separation of the Vylor seed business.Lamb Weston Holdings Inc. gained 11.7% after reporting fiscal first-quarter earnings of 75 cents per share, ahead of the 59-cent consensus, on net sales of $1.67 billion versus $1.65 billion expected.The frozen-potato maker raised its fiscal 2027 adjusted EPS outlook to $3.05 to $3.35, above the $3.01 analyst estimate.On the DownsideTempus AI Inc. fell 10.6%, UWM Holdings Corp. dropped 7.4%, Guardant Health Inc. slid 7.3% and Caris Life Sciences Inc. declined 7.0%, as biotech funds broadly retreated.Western Digital Corp. lost 6.5% as reports that Toshiba plans to double its hard-disk drive output weighed on storage stocks, with Seagate Technology Inc. also sharply lower.Tuesday’s Russell 1000 Top GainersName% changeConstellation Energy Corporation+13.87%Talen Energy Corporation+13.72%Corteva, Inc.+12.31%Lamb Weston Holdings, Inc.+11.65%Vistra Corp.+11.30%Tuesday’s Russell 1000 Top LosersName% changeTempus AI, Inc.-10.61%UWM Holdings Corporation-7.36%Guardant Health, Inc.-7.31%Caris Life Sciences, Inc.-6.95%Western Digital Corporation-6.52%Image: Shutterstock