US Markets Soar to New Heights as Tech Giants Lead the Charge
US stock markets reached unprecedented levels on Tuesday, with major indices hitting new records. The Dow Jones gained 160 points, while the S&P 500 and Nasdaq rose 0.20% and 0.80% respectively. Nvidia surged 5%, nearing a $5 trillion market cap, and announced partnerships with the US Department of Energy and a $1 billion stake in Nokia. Apple crossed the $4 trillion market cap threshold, joining Nvidia and Microsoft in this exclusive club. The Federal Reserve's upcoming decision is highly anticipated, with expectations of a 25 basis point rate cut. Tech giants Microsoft, Alphabet, and Meta are set to report quarterly results, with the 'Magnificent Seven' companies expected to show 14% profit growth.
US stock markets reached unprecedented levels on Tuesday, with major indices hitting new records. The Dow Jones gained 160 points, while the S&P 500 and Nasdaq rose 0.20% and 0.80% respectively. Nvidia surged 5%, nearing a $5 trillion market cap, and announced partnerships with the US Department of Energy and a $1 billion stake in Nokia. Apple crossed the $4 trillion market cap threshold, joining Nvidia and Microsoft in this exclusive club. The Federal Reserve's upcoming decision is highly anticipated, with expectations of a 25 basis point rate cut. Tech giants Microsoft, Alphabet, and Meta are set to report quarterly results, with the 'Magnificent Seven' companies expected to show 14% profit growth.
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