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3h ago

U.S. Stocks Hit New Highs on Nvidia–OpenAI Deal and Dovish Fed

Tech optimism reinforced by a recent Fed rate cut lifted risk appetite, with traders watching PCE inflation plus remarks from Jerome Powell for confirmation of the easing path.

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El S&P 500 subía 0,02% y el Nasdaq bajaba 0,20%. Foto: EFE.

Overview

  • All three major U.S. indexes set fresh record closes Monday, with the Dow up 0.14% to 46,381.54, the S&P 500 up 0.44% to 6,693.75 and the Nasdaq up 0.70% to 22,788.98.
  • Nvidia gained about 3.9% after detailing up to $100 billion in investment to enable at least 10 gigawatts of OpenAI-focused AI datacenter capacity.
  • Apple rose roughly 4.3% after Wedbush raised its price target, citing expectations for stronger iPhone 17 demand.
  • The Fed’s quarter-point cut last week has markets pricing additional reductions this year, with investors awaiting the PCE inflation report and comments from Powell and other officials.
  • Early Tuesday trading saw new intraday records for the S&P 500 and Dow, and European stocks opened higher with Spain’s Ibex 35 moving above 15,100 points.