Wall Street Daily | Record Highs Across the Board as Tech Titans Lead the Charge

Market Overview

U.S. stocks extended their rally for a third consecutive session on Tuesday, with all three major indexes — S&P 500, Dow Jones, and Nasdaq Composite — setting fresh record closing highs.

The bullish momentum was driven by optimism over a potential U.S.–China trade agreement, expectations of a Federal Reserve rate cut, and robust gains in mega-cap tech names.

Index	Close	% Chg	Note
S&P 500	6,890.89	+0.23%	New record close
Dow Jones IA	47,706.37	+0.34%	Third straight record
Nasdaq Composite	23,827.49	+0.80%	All-time high

All three benchmarks also notched intraday records, underscoring the strength of current market sentiment.

Macro Highlights

• U.S.–China Trade Hopes:
  Investors remain optimistic ahead of Thursday’s Trump–Xi meeting at the South Korea summit. Reports suggest potential easing of rare-earth and software trade curbs, and a U.S. proposal to halve tariffs from 20% to 10%if China curbs fentanyl-related chemical exports.

• Federal Reserve Outlook:
  Markets price in a 25 bps rate cut to a 3.75%–4.00% range at the FOMC meeting. A lower benchmark rate typically channels liquidity from bonds into equities, fueling risk appetite.

Tech Takes the Lead

The “Magnificent Seven” megacaps once again powered Wall Street gains — with Nvidia and Microsoft leading the pack.

Stock	Move	Catalyst
Nvidia (NVDA US)	+5% to US$201.03	Record high after CEO Jensen Huang’s GTC keynote and a US$1 B investment in Nokia to co-develop AI-RAN and data-center networking. Intraday high US$203.15.
Microsoft (MSFT US)	+2%	Gains after confirming a 27% stake in OpenAI’s for-profit arm following recapitalization.
Apple (AAPL US)	+0.07%	Touched US$269.89 intraday record on iPhone 17 demand optimism.
Alphabet (GOOGL US)	–0.7%	Pulled back after intraday all-time high of US$270.73.

Investor Sentiment Poll (Moomoo):

72% of respondents expect Nvidia to outperform its Big Tech peers over the next 12 months.

Sector & Stock Movers

📈 Top Gainers

• Nokia (NOK US) +28.8%
  Soared to its highest level in over 20 years after announcing the US$1 B Nvidia investment and AI partnership.

• Cameco (CCJ US) +23.4%
  Rallied on reports of an US$80 B U.S. government deal to promote new nuclear power projects. Other nuclear plays — UEC (+14.3%), NXE (+12%), SMR (+8.8%) — gained in sympathy.

• Beyond Meat (BYND US) +9.1%
  Continued volatile trading following its 1,400% rally and sharp pullback earlier this month.

📉 Top Decliners

• Strive (ASST US) –12.2% — Gave back part of Monday’s +49% gain linked to investor Mike Alfred’s stake.

• Ondas (ONDS US) –9.8% — Extended losses from its early-October high (+1,950% from March lows).

• Quantum Computing Stocks: IONQ –9%, QBTS –8.7%, RGTI –7.9%, QUBT –5.2% — Profit-taking after speculation of possible U.S. government stakes in the sector.

Market Takeaway

The AI-driven tech rally continues to underpin U.S. equity momentum, with Nvidia’s leadership reaffirmed amid a wave of AI infrastructure deals.

Investors now await Wednesday’s Fed decision, which could validate the soft-landing narrative.

With corporate earnings strong and monetary policy still supportive, sentiment toward risk assets remains constructively bullish into year-end.