You've intersected with the standard approach with which engineering students learn about stress and strain in college. The framework is covered in Beer & Johnston's Mechanics of Materials, for one, among several other standard textbooks on the so-called mechanics of deformable materials. Since you're well accustomed to self-education, I'll just provide some pointers to where to look for more information.
The abrupt transitions in the graphs are not typical of actual physical systems. At the differential level, the stress tensor field of a homogeneous continuous elastic material will vary continuously from point to point.
An important principle is Saint-Venant's principle which says that the distribution of a particular load becomes less important with increasing distance from the load. Put another way, far from a load (say, three times the beam thickness), it doesn't matter whether the load is applied at a point or over a finite region. In addition, the assumption of a point load actually provides a factor of safety because certain measures—such as the bending moment—peak at a point rather than a slightly less impactful curve. Engineers love conservative assumptions.
Is there a standard way of relating the shear and bending moment diagram to the tensor field describing the state of stress at points in a material?
Yes; you simply superpose the normal stress resulting from the bending moment with the shear stress. At the top of the beam, for example:
$$\sigma=\left[\begin{array}{ccc} \dfrac{Mt}{2I} & \dfrac{S}{A} & 0\\ \dfrac{S}{A} & 0 & 0\\0 & 0 & 0\\ \end{array}\right],$$
where $M$ is the bending moment at that horizontal position, $t/2$ is the distance from the neutral axis (here, assumed to be simply half the height $t$ of the simple beam), $I$ is the second moment of area of the beam (also called the moment of inertia) for that bending mode, $S$ is the shear, and $A$ is the cross-sectional area. Hopefully this emphasizes the importance of calculating the shear $S$ and bending moment $M$, often through graphical diagrams in introductory classes.
As always, the principal axes can be found through solving the eigenvalue problem or from using the graphical technique of Mohr's circle.
This is just a sketch of an answer; please let me know if this is what you're broadly looking for and what remains unclear.