US Stock Market Gains Continue
On Monday, US stocks climbed slightly as Wall Street extended its record-breaking run, buoyed by major technology companies. The Dow Jones Industrial Average increased by 0.2%, while the S&P 500 rose nearly 0.5%. Meanwhile, the tech-focused Nasdaq Composite led the charge with a 0.7% gain, marking the third day of consecutive record highs for all three major indices.
Nvidia’s Investors Cheer Major Announcement
Nvidia’s stock reached an all-time high after the company revealed plans to invest $100 billion in OpenAI over the next several years. In parallel, Oracle’s shares also surged following news that the White House confirmed the company’s participation in a new coalition that will manage TikTok’s operations in the United States.
Tesla Nears 2025 Highs
Tesla saw significant gains as its share price approached a high not seen since 2025, driven by optimism regarding its self-driving initiatives and upcoming product launches. This renewed interest reflects investor confidence in the company’s long-term growth prospects.
Gold Prices Reach New Heights
Gold prices soared to a record high, exceeding $3,750 on Monday due to market expectations that the Federal Reserve will reduce interest rates twice more before the year’s end. Conversely, Bitcoin and other cryptocurrencies struggled, with over $1.5 billion in bullish bets liquidated as traders reacted to the market shift.
Focus on Upcoming Economic Data
Investors are keenly awaiting the new report on the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures price index, due out Friday. A lower reading could enhance the chances of an interest rate cut in October, while Wall Street anticipates that the September PCE will reveal sustained but manageable price pressures.
Market Reaction to Policy Changes
The markets are also scrutinizing the implications of President Trump’s recent immigration policies. The administration announced a hefty $100,000 fee for H-1B work visas, prompting companies like Microsoft and Goldman Sachs to issue urgent advisories to employees regarding travel and residency in the US.
Upcoming Fed Speakers and Market Sentiment
As the week unfolds, investors will be attentive to remarks from several key Federal Reserve officials, including Chair Jerome Powell, who is set to speak on Tuesday. These discussions could provide critical insights into the Fed’s monetary policy direction amid the ongoing market volatility.
