US Stocks Rally to Record Highs Ahead of Fed Decision, Tech Giants Lead Charge
Wall Street surged Tuesday as the S&P 500 and Nasdaq Composite reached unprecedented levels, fueled by Optimism around Nvidia's AI dominance and Microsoft's expanded partnership with OpenAI. The Dow Jones Industrial Average climbed over 150 points, extending its winning streak amid bullish sentiment.
Investors positioned aggressively ahead of the Federal Reserve's October rate decision, driving risk assets higher. The S&P 500 gained 0.4% to breach 6,800, while the tech-heavy Nasdaq advanced 0.8% - both indices etching new milestones in a market hungry for growth narratives.
Megacap technology stocks served as the primary engine, with Nvidia, Microsoft and Apple all notching significant gains. The AI hardware leader's performance proved particularly influential, underscoring how cryptocurrency-adjacent tech plays continue to dictate broader market momentum.
