US equity markets extended their recent surge, with the Dow Jones Industrial Average and the S&P 500 reaching new all-time highs.

The Nasdaq Composite also recovered, wiping out the losses incurred during the previous week's trading session.

The broad-based advance signals sustained investor appetite for risk despite recent volatility in the tech-heavy index.

Declining yields on long-dated US Treasury bonds emerged as a primary catalyst for the latest leg of the rally.

Lower borrowing costs typically support equity valuations, particularly for growth-oriented sectors that are sensitive to interest rate movements.

Market participants view the easing in bond yields as a positive signal for the next phase of the market's upward trajectory.