Wall Street Indexes Post Records as Nvidia Jumps

Record-breaking stock market highs, driven by Nvidia's AI supercomputers project and Microsoft's deal with OpenAI, have investors eagerly awaiting quarterly earnings from tech giants. The S&P 500, Nasdaq, and Dow Jones all hit new peaks, with UPS and FedEx shares surging on positive revenue predictions. Third-quarter earnings growth for S&P 500 companies is now estimated to have grown over ten percent, outpacing earlier forecasts. The Federal Reserve's interest rate decision this week is closely watched, as the U.S. government shutdown has left traders relying on private economic data for insights. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.