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18h ago

Tech Gains Push Wall Street to New Highs as Fed Set to Trim Rates

Investors expect a quarter-point cut on Wednesday as the central bank navigates limited official data during the shutdown.

La FED tiene un mandato del Congreso para actuar de forma independiente en el combate de la inflación y del desempleo, principalmente mediante el aumento, la reducción o el mantenimiento de sus tasas de interés de referencia. (Foto: EFE)
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En las principales plazas de Europa y Asia, la jornada es bajista.
Al término de la sesión en el parqué neoyorquino, el S&P 500 avanzó 0,23% y el Nasdaq ganó 0,80%. Foto: EFE.

Overview

  • The Dow, S&P 500 and Nasdaq closed at record highs for a third straight session, with tech leaders extending a concentrated rally.
  • Fed funds futures point to a 25 basis point cut that would take the target range to about 3.75%–4.00%, with markets assigning meaningful odds to another move in December.
  • A federal shutdown has delayed key releases such as trade, GDP and labor data, forcing policymakers to lean more on guidance and partial indicators.
  • Big Tech headlines lifted sentiment, including Microsoft’s roughly 27% stake in OpenAI’s for‑profit unit, Apple briefly topping $4 trillion in market value, and Nvidia jumping on a stake in Nokia, while about 70% of S&P 500 reporters beat sales estimates.
  • Global policy cues frame the week, with the Bank of Canada also expected to cut and the ECB seen on hold, as traders watch the Trump–Xi meeting for potential trade signals.