Overview

• The S&P 500 surpassed 5,600 for the first time, achieving its longest winning streak in eight months.
• The Nasdaq also reached an all-time high, with significant contributions from Nvidia and other tech giants.
• Taiwan Semiconductor's strong quarterly revenue boosted the semiconductor sector, lifting stocks like Micron and Qorvo.
• Investors are optimistic about a potential interest rate cut following Federal Reserve Chair Jerome Powell's recent comments.
• Upcoming inflation data and quarterly earnings will test the sustainability of the current market rally.