Stock Market Awaits FED Decision as New Governor Joins Board

The U.S. stock market surged into the week, with the S&P 500 and Nasdaq closing at record highs. Big tech names like Alphabet and Tesla led the charge, while Optimism around U.S.-China trade talks further buoyed investor sentiment. Earnings expectations across sectors showed rare improvement, adding to the bullish tone. Yet, caution crept in as futures traded flat ahead of the Federal Reserve's pivotal rate decision.

Political tensions flared as the Senate confirmed Stephen Miran to the Federal Reserve Board, despite concerns over his dual role as a WHITE House adviser. Critics argue this undermines central bank independence, heightening pressure on Chair Jerome Powell to deliver deeper rate cuts amid presidential demands.

Gold prices shattered records, climbing above $3,685 an ounce, as investors hedged against uncertainty. The rally in haven assets contrasts sharply with equity market euphoria, signaling underlying anxiety about monetary policy and geopolitical risks.