U.S. stock markets hit record highs on Tuesday, with the S&P 500 rising 0.6% and the Nasdaq climbing 1.2%, driven by a significant 19% increase in Micron Technology's shares. This surge occurred despite ongoing geopolitical tensions, particularly the U.S.-Iran conflict, which has disrupted global oil supplies and contributed to rising inflation. Brent crude prices rose 3.5% to $96.67, while U.S. crude fell 2.8% to $93.89 per barrel. The conflict has led to increased oil prices and economic uncertainty, as consumer confidence in the U.S. has declined amid rising inflation and borrowing costs. Despite these pressures, many U.S. companies reported better-than-expected earnings, supporting the stock market's upward trend. The yield on the 10-year Treasury note eased to 4.49%, alleviating some pressure on Wall Street. While stock markets abroad showed mixed results, the overall sentiment remains cautious due to the geopolitical landscape.