{"id":21615,"date":"2025-10-29T02:54:10","date_gmt":"2025-10-29T02:54:10","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/10\/29\/dow-sp-500-close-at-record-highs-ahead-of-fed-decision-tech-stocks-lead-rally-markets-news\/"},"modified":"2025-10-29T02:54:10","modified_gmt":"2025-10-29T02:54:10","slug":"dow-sp-500-close-at-record-highs-ahead-of-fed-decision-tech-stocks-lead-rally-markets-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/29\/dow-sp-500-close-at-record-highs-ahead-of-fed-decision-tech-stocks-lead-rally-markets-news\/","title":{"rendered":"Dow, S&P 500 Close At Record Highs Ahead Of Fed Decision, Tech Stocks Lead Rally | Markets News"},"content":{"rendered":"


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Global shares hit records as U.S. and China trade tensions ease, Microsoft and Nvidia surge, and investors await Federal Reserve and global central bank policy decisions.<\/h2>\n
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Wall Street<\/p>\n<\/figure>\n

Global shares ascended to an intraday record on Tuesday, buoyed by signs of cooling trade tensions between the U.S. and China and by gains in technology shares, while investors awaited a Federal Reserve policy decision and digested corporate earnings.<\/p>\n

The U.S. Federal Reserve on Wednesday will kick off a string of policy announcements this week by global central banks, including in Japan, Canada and Europe.<\/p>\n

The Fed is widely expected to cut interest rates at the meeting, with markets pricing in a 99.9% chance for a rate cut of 25 basis points, according to CME\u2019s FedWatch Tool, opens new tab.<\/p>\n

Expectations for a lower path of interest rates from the central bank, along with recent signs of easing trade tensions between the U.S. and China, have helped to boost the markets\u2019 risk appetite, sending stocks higher and keeping the 10-year U.S. Treasury yield moored near multi-month lows.<\/p>\n

In addition, the ongoing U.S. government shutdown has led to a shortage of economic data for investors to parse.<\/p>\n

CONTINUED RALLY SEEN IN RISKY ASSETS<\/strong><\/p>\n

With the lack of government data, investors have looked to other sources to gauge the strength of the economy. On Tuesday, the ADP National Employment Report\u2019s inaugural weekly preliminary estimate showed U.S. private payrolls increased by an average of 14,250 jobs in the four weeks ending October 11.<\/p>\n

\u201cVolatility has been extraordinarily low and in some respects, surprising, given all of the uncertainties \u2026 but it seems to be very, very stable, and you\u2019re seeing the sort of continued rally in risky assets,” said Subadra Rajappa, head of U.S. rates strategy at Societe Generale in New York.<\/p>\n

\u201cSo you have a combination, especially for the Fed meeting, of lower yields, easier financial conditions, inflation coming off, the job market remaining somewhat stable as well, so it\u2019s been a tough read on the economy.”<\/p>\n

The European Central Bank and Bank of Japan are largely expected to keep rates unchanged at their policy meetings.<\/p>\n

DOW LEADS GAINS AMONG MAJOR INDEXES<\/strong><\/p>\n

On Wall Street, U.S. stocks closed at another record, boosted in part by a 2% advance in Microsoft (MSFT.O), opens new tab after it reached a deal that allows OpenAI to restructure into a public benefit corporation while giving the megacap company a 27% stake in the ChatGPT maker.<\/p>\n

Also providing a boost was a 5% jump in Nvidia (NVDA.O), opens new tab after CEO Jensen Huang said the artificial-intelligence chip leader will build seven new supercomputers for the U.S. Department of Energy, and the company has $500 billion in bookings for its AI chips.<\/p>\n

The Dow Jones Industrial Average (.DJI), opens new tab rose 161.78 points, or 0.34%, to 47,706.37, the S&P 500 (.SPX), opens new tab rose 15.73 points, or 0.23%, to 6,890.89 and the Nasdaq Composite (.IXIC), opens new tab rose 190.04 points, or 0.80%, to 23,827.49.<\/p>\n

\u201cMomentum and earnings are pushing the market higher,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York, adding that there is also \u201centhusiasm about Trump\u2019s Asian trip.”<\/p>\n

Equities have rallied of late as U.S. President Donald Trump and his Chinese counterpart Xi Jinping are due to meet on Thursday to decide on a framework that could pause tougher U.S. tariffs and China\u2019s rare-earth export curbs, easing market worries about an escalating trade war.<\/p>\n

Earnings are expected this week from \u201cMagnificent Seven” heavyweights Microsoft, Alphabet (GOOGL.O), opens new tab, Apple (AAPL.O), opens new tab, Amazon (AMZN.O), opens new tab and Meta Platforms (META.O), opens new tab. Investors will closely eye the results to see if they justify lofty valuations.<\/p>\n

MORE THAN FOUR IN FIVE S&P COMPANIES BEAT EXPECTATIONS<\/p>\n

Of the 180 S&P 500 companies that have reported earnings through Tuesday morning, 86.7% have topped analyst expectations, according to LSEG data.<\/p>\n

MSCI\u2019s gauge of stocks across the globe (.MIWD00000PUS), opens new tab advanced 21.18 points, or 0.12%, to 1,013.68 after hitting a record 1,015.73 while the pan-European STOXX 600 (.STOXX), opens new tab index closed down 0.22%.<\/p>\n

The yield on benchmark U.S. 10-year notes fell 2.1 basis points to 3.976%.<\/p>\n

The dollar index , which measures the greenback against a basket of currencies, fell 0.07% to 98.70, with the euro up 0.11% at $1.1656.<\/p>\n

Against the Japanese yen , the dollar weakened 0.52% to 152.07 after comments by a Japanese minister and U.S. Treasury Secretary Scott Bessent eased some concerns about more expansive fiscal and monetary policy in that country.<\/p>\n

Sterling weakened 0.45% to $1.3275.<\/p>\n

U.S. crude settled down 1.89% to $60.15 a barrel, and Brent fell to settle at $64.40 per barrel, down 1.86%, as investors assessed the effect of U.S. sanctions on Russia\u2019s two biggest oil companies along with a potential OPEC+ plan to raise output.<\/p>\n

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters<\/a>)<\/i><\/p>\n

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October 29, 2025, 08:21 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> markets<\/a> Dow, S&P 500 Close At Record Highs Ahead Of Fed Decision, Tech Stocks Lead Rally<\/span><\/div>\n
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Last Updated:October 29, 2025, 08:21 IST Global shares hit records as U.S. and China trade tensions ease, Microsoft and Nvidia surge, and investors await Federal Reserve and global central bank policy decisions. Wall Street Global shares ascended to an intraday record on Tuesday, buoyed by signs of cooling trade tensions between the U.S. and China…<\/p>\n","protected":false},"author":1,"featured_media":21616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-21615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/21615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=21615"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/21615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/21616"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=21615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=21615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=21615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}