US equities closed at fresh records, but the market message is more nuanced than the headline suggests. The S&P 500 rose 0.2% to 7,412.84, marking its first close above 7,400. The Nasdaq Composite added 0.1% to 26,274.13, while the Dow Jones Industrial Average gained 0.2% to 49,704.47. The Russell 2000 also advanced 0.3% to 2,870.64,…