Markets are extending gains, as the S&P 500 (^GSPC) and Nasdaq (^IXIC) touch new record highs at Tuesday's market close. This comes as Nvidia (NVDA) exceeds Microsoft (MSFT) as the most valuable publicly traded company.

Yahoo Finance's Jared Blikre breaks down the top market takeaways of the day including Wall Street's ongoing investments into Magnificent 7 tech stocks, concerns within the commercial real estate sector, and the increased competition among chipmakers Nvidia and Broadcom (AVGO).

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Angel Smith