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Tech Momentum and Fed Anticipation Propel Wall Street to New Heights

  U.S. stock futures climbed Wednesday morning, continuing a record-setting streak as investors rallied behind Nvidia’s meteoric rise and anticipated a pivotal decision from the Federal Reserve. The Dow Jones Industrial Average , S&P 500 , and Nasdaq 100 futures all posted gains, with the Nasdaq leading at a 0.5% increase, buoyed by tech optimism Nvidia (NVDA) surged in premarket trading, adding to its recent rally after CEO Jensen Huang’s keynote at the GTC event highlighted new AI partnerships and a bullish outlook for the industry. The company is now nearing a historic $5 trillion market valuation, driven by expectations of $500 billion in AI chip sales Investor sentiment was further lifted by speculation that former President Trump may ease restrictions on Nvidia’s sales to China, potentially boosting demand for its Blackwell AI processor Meanwhile, all eyes are on the Federal Reserve , which is widely expected to announce a 25 basis point interest rate cut at 2 p.m....
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Stock Market Today: Stocks Rebound as Earnings Take Center Stage


In today’s market, US stocks are making a comeback, with investors shifting their attention away from interest rate concerns and focusing on quarterly earnings. Here’s a brief overview of the current situation:

  1. S&P 500 Rebounds: After a three-day streak of losses, the S&P 500 (^GSPC) is up approximately 0.4%. The Dow Jones Industrial Average (^DJI) has also gained 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) leads the gains, rising over 0.5%.

  2. Rate Cut Worries Eased: Despite recent worries about heightened tensions in the Middle East and uncertainty surrounding rate cuts, investors are now looking to earnings season for positive momentum.

  3. Big Bank Results: Robust earnings from major banks signal a return to strength on Wall Street. United Airlines (UAL) shares rose 7% after posting a revenue beat, while ASML (ASML), the largest supplier of equipment to chipmakers worldwide, saw its sales to China hold up amid US curbs.

  4. Netflix Earnings Anticipation: Netflix (NFLX) is set to report earnings after the close on Thursday. Investors are optimistic about continued benefits from the company’s crackdown on password sharing and a strong original content slate. However, there’s some concern about growth slowing in the second half of the year.

As we navigate the market, keep an eye on earnings reports and how they impact stock performance. The road ahead remains dynamic, but for now, earnings are taking center stage. Stay tuned for further updates! 

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