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 the market’s momentum continues. At the same time, the Federal Reserve’s upcoming policy announcement is adding another layer of anticipation, with traders looking for any signals about the future path of interest rates.