Stock Market Today: S&P 500, Nasdaq Set to Open Up, Dow Futures Falling Ahead of Fed Rate Decision; Big Tech Earnings Meta, Microsoft, Google Owner Alphabet; Nvidia, Tesla, AMD, Micron and More Movers
Update: 2025-10-29
Description
Wall Street kicks off the week with a surge, driven by tech giants' quarterly results and anticipation of the Federal Reserve's interest rate decision. Microsoft and Nvidia reach record-breaking market values, but the rally is narrow, with only 104 S&P 500 companies gaining. The 'Mag Seven' tech companies account for a massive $1.25 trillion market value increase in recent days, raising concerns about over-reliance on a few big names. Despite this, the market's historical performance during this period is promising. Today's key event: the Federal Reserve's announcement, expected to keep cutting interest rates, potentially boosting markets further.
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