Markets close near record highs following China stimulus news

Global markets pushed farther into record territory on Tuesday as prices for oil, copper, and other commodities rallied following the announcement of wide-ranging stimulus measures from China's central bank.

• S&P 500 Futures: 5,787.25 ⬆️ up 0.18%
• S&P 500: 5,734.46 ⬆️ up 0.3%
• Nasdaq Composite: 18,076.10 ⬆️ up 0.6%
• Dow Jones Industrial Average: 42,221.58 ⬆️ up 0.2%
• FTSE 100 : 8,282.76 ⬆️ up .28%
• STOXX Europe 600: 519.07 ⬆️ up 0.81%
• Nikkei 225: 37,940.59 ⬆️ up 0.57%
• SSE Composite Index: 2,862.41 ⬆️ up 4.15%
• Bitcoin: $64,377.70 ⬆️ up 1.58%

China: Stimulus boosts global markets
Chinese stocks soared, with the SSE Composite Index rising over 4% after the People’s Bank of China announced a series of stimulus measures to support the slowing economy.

Europe: Riding the wave from China
European markets also rallied, with the STOXX Europe 600 gaining 0.81% to close at 519.07. The positive sentiment from China’s stimulus measures carried over into European trading, providing a lift across major indices.

Japan: Moderate gains on China news
Japan’s Nikkei 225 gained 0.57%, closing at 37,940.59, as investors welcomed China’s efforts to stabilize its economy.

S&P 500, Dow , and Futures: New highs and continued optimism
The S&P 500 continued its climb on Tuesday, rising 0.3% to close at another record high of 5,734.46. The Dow Jones Industrial Average also edged up 0.2%, reaching a new high of 42,221.58. Both indexes have been bolstered by optimism surrounding the Federal Reserve’s recent rate cuts and strong corporate earnings. Tesla's 4.9% surge on Monday, driven by optimism about its upcoming earnings, helped propel the broader market higher.

S&P 500 futures still moving upward
S&P 500 Futures continued their upward momentum on Tuesday, rising 0.18 percent to 5,787.25 and continued climbing on news from China.

This story was originally featured on Fortune.com