Overview
- The Dow rose 0.34% to 47,706.37, the S&P 500 gained 0.23% to 6,890.89, and the Nasdaq added 0.8% to 23,827.49, with all three setting record closes.
- Nvidia said it will build seven AI supercomputers for the U.S. Department of Energy and reported US$500 billion in bookings for its AI chips.
- Nvidia shares climbed 5%, adding over US$230 billion in market value and putting the company near a US$5 trillion valuation.
- Microsoft gained 2% on a reported deal that would allow OpenAI to restructure as a public benefit corporation and give Microsoft a 27% stake.
- Markets head into results from Apple, Microsoft, Alphabet, Amazon and Meta with LSEG estimating S&P 500 Q3 earnings up 10.5% year on year, as traders largely expect a 25‑basis‑point Fed cut and watch reported U.S.–China tariff discussions linked to fentanyl‑precursor curbs and a near month‑long shutdown that is limiting official data.