The S&P 500 closed at a new record high on Tuesday, up 23% from its March 30 low and 14% year-to-date. The Nasdaq-100 and Nasdaq Composite also reached new highs, gaining approximately 35% since their late-March lows. The technology sector remains the only S&P 500 sector to hit a record, up 51% from late March. Listed private equity firms are suffering steep losses, with Blue Owl down 47% from its high. Microsoft will host a key artificial intelligence event on Wednesday focusing on the future of personal computers.
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