The S&P 500 edged up 0.05% on Tuesday to close at a record 6,049.88. The Nasdaq Composite advanced 0.40% to 19,480.91, marking a new intraday and closing high. Meanwhile, the Dow Jones Industrial Average fell 0.17% to 44,705.53.

Investor sentiment remained cautious ahead of key jobs data expected later this week, which could provide clues on the Federal Reserve’s next move in its upcoming December meeting. The latest data indicated job openings rose to 7.74 million in October, exceeding expectations.

While the market has been buoyed by the Fed’s easing policies, some analysts warned of overcrowded bullish sentiment, noting that extreme optimism could increase volatility. Small-cap stocks continued their strong performance, with the Russell 2000 gaining more than 10% in November.

Technological advancements, particularly in AI, remain a significant driver of market gains, with technology, utilities, and financials being favored sectors.