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Tech Giants Lift Markets as Investors Brace for Fed Decision

Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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S&P 500 and Nasdaq Set to Jump as Nvidia Surge Continues


US stock indexes are poised for gains early today as Nvidia’s record-breaking surge continues. The tech-heavy Nasdaq Composite futures lead the way, up about 0.7%, while S&P 500 futures point up around 0.4%. This follows the S&P 500’s 31st record close of the year on Tuesday.

Nvidia’s meteoric rise has captured investors’ attention, with its stock up more than 170% so far this year. Just two weeks after dethroning Apple as the No. 2 most valuable company, Nvidia now claims the title of the world’s most valuable public company, surpassing Microsoft.

Elsewhere, global central banks are in focus, with the Swiss National Bank cutting rates for the second time this year. The Bank of England maintains its benchmark rate at a 16-year high but signals a potential rate cut in the summer. In the US, traders continue to bet on a Fed rate cut by September.

Keep an eye on weekly jobless claims data today for further insights into the macroeconomic landscape.


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