Overview
- The Dow rose 0.34%, the S&P 500 gained 0.23%, and the Nasdaq added 0.80%, marking a third straight session of all‑time highs.
- Nvidia jumped about 5% after announcing plans to build seven supercomputers for the U.S. Department of Energy.
- Microsoft climbed roughly 2% and reclaimed a valuation above $4 trillion after OpenAI completed its restructuring, granting Microsoft a 27% stake in the for‑profit entity.
- Apple crossed the $4 trillion market‑cap threshold intraday, becoming the third public company to reach that level before closing just under it on strong iPhone 17 sales.
- Futures imply near‑100% odds of a 25‑basis‑point Fed cut on Wednesday, with markets also eyeing Big Tech earnings and a scheduled Trump–Xi meeting in Busan.