US stock market today surges as Nvidia hits historic $5 trillion milestone — Dow, S&P 500, and Nasdaq hit record highs ahead of Jerome Powell’s Fed rate cut signal and tech earnings storm
US stock market today surged as traders eye the Federal Reserves rate decision. Nvidia jumped 5%, nearing a $5 trillion market cap, driving tech gains. Caterpillar rose 9.3%, Teradyne 19%, and CVS Health 3.1%. Dow added 193 points, S&P 500 gained 0.3%, Nasdaq climbed 0.7%. Global markets rose: Japan +2.2%, South Korea +1.8%, China +0.7%. Investors cheer strong tech, AI demand, and industrial growth, but caution remains on narrow gains, Fed guidance, and upcoming earnings.
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