US stocks hit record highs as tech giants surge despite Treasury yield concerns

US equities surged on Monday, with the Nasdaq Composite reaching a record high as major technology stocks powered the rally. Nvidia, Meta Platforms, Microsoft, and Tesla led the gains, lifting the broader technology sector. The S&P 500 also advanced, though the Dow Jones Industrial Average declined slightly amid elevated Treasury yields.

Strong expectations for corporate earnings are supporting US equities even as inflation concerns and geopolitical uncertainties weigh on markets. The divergence between the Nasdaq's strength and the Dow's weakness underscores the market's uneven recovery across sectors.