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Wall Street hits record highs as Nvidia rally lifts tech sector ahead of Fed meet
Major U.S. stock indexes notched fresh record highs on Tuesday, powered by Nvidia’s $5 trillion valuation milestone and strong pre-earnings momentum across the tech sector. Investors rotated into growth equities ahead of the Federal Reserve’s upcoming interest-rate announcement. The S&P 500 and Nasdaq both gained over one percent intraday. Market participants said optimism around AI spending, coupled with stable inflation data, supported risk sentiment. Analysts remain watchful for Fed commentary that could shape equity direction into November’s final trading sessions.
CNBC• By Ayush Samantaray
Explore:Mutual Fund Screening
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Wall Street hits record highs as Nvidia rally lifts tech sector ahead of Fed meet
Major U.S. stock indexes notched fresh record highs on Tuesday, powered by Nvidia’s $5 trillion valuation milestone and strong pre-earnings momentum across the tech sector. Investors rotated into growth equities ahead of the Federal Reserve’s upcoming interest-rate announcement. The S&P 500 and Nasdaq both gained over one percent intraday. Market participants said optimism around AI spending, coupled with stable inflation data, supported risk sentiment. Analysts remain watchful for Fed commentary that could shape equity direction into November’s final trading sessions.
CNBC• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
1 min read
80 words
U.S. markets hit record highs as Nvidia’s surge and AI optimism boosted sentiment ahead of the Federal Reserve’s interest-rate decision.
Major U.S. stock indexes notched fresh record highs on Tuesday, powered by Nvidia’s $5 trillion valuation milestone and strong pre-earnings momentum across the tech sector. Investors rotated into growth equities ahead of the Federal Reserve’s upcoming interest-rate announcement. The S&P 500 and Nasdaq both gained over one percent intraday. Market participants said optimism around AI spending, coupled with stable inflation data, supported risk sentiment. Analysts remain watchful for Fed commentary that could shape equity direction into November’s final trading sessions.
Major U.S. stock indexes notched fresh record highs on Tuesday, powered by Nvidia’s $5 trillion valuation milestone and strong pre-earnings momentum across the tech sector. Investors rotated into growth equities ahead of the Federal Reserve’s upcoming interest-rate announcement. The S&P 500 and Nasdaq both gained over one percent intraday. Market participants said optimism around AI spending, coupled with stable inflation data, supported risk sentiment. Analysts remain watchful for Fed commentary that could shape equity direction into November’s final trading sessions.
Companies:
Nvidia
Tags:
markets
stocks
markets
stocks
AI
Fed