Stock market today: Asian shares rise after tech stocks pull Wall Street to another record

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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 3, 2024. A person rides a bicycle in front of Tokyo Stock Exchange building Tuesday, Dec. 3, 2024, in Tokyo. Currency traders work near a screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 3, 2024. Japan’s benchmark Nikkei 225 jumped 1.7% to 39,183.

Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 28.7% to lead the market after it said an investigation into allegations of misconduct and theBig Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 3.2% for Meta Platforms were the two strongest forces pushing upward on the S&P 500.

Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday.

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