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S&P 500 and Nasdaq Close at Records as Tech Rally Intensifies on Dovish Fed Minutes

Futures now imply a near‑certain cut at the next Fed meeting, sharpening investor focus on AI‑linked momentum.

Overview

  • S&P 500 rose 0.58% to 6,753.72 and the Nasdaq gained 1.12% to 23,043.38, both finishing at all‑time highs.
  • The Dow Jones ended essentially flat at 46,601.78, underscoring narrow breadth despite benchmark records.
  • Federal Reserve minutes showed broad support for further easing, with about half of participants seeing at least two more cuts this year.
  • Interest‑rate futures assigned roughly a 95% probability to another Fed cut at the upcoming meeting, reinforcing risk appetite.
  • Technology led advances as AMD jumped about 11.3% and Nvidia added roughly 2.2%, while seven of 11 S&P sectors rose and energy lagged.