Overview
- Tech stocks, particularly Nvidia and Broadcom, drove the market rally with substantial gains following heavy AI investment announcements.
- Tesla's stock surged as CEO Elon Musk secured preliminary approval for Full Self-Driving technology in China.
- Investors are closely monitoring this week's Federal Reserve meeting and jobs report, which could impact market dynamics.
- Earnings reports from major companies like Apple and Amazon are anticipated, potentially affecting market trends.
- The overall stock market performance remains below key moving averages, indicating possible resistance ahead.