U.S. Stock Market Nears Records Ahead of Fed Meeting; Nvidia, Meta, Tesla Eye Technical Breakouts

Market Overview - U.S. stock indices reached new highs last week, driven by strong performance in artificial intelligence-related shares [1] - The Dow Jones Industrial Average, S&P 500, and Nasdaq all recorded significant weekly gains, entering record territory [3] - Smaller-cap and equal-weight indexes also demonstrated strength, indicating a broad market advance beyond just megacaps and tech [3] Federal Reserve Meeting - The Federal Reserve is scheduled to meet on September 16-17, with expectations of a quarter-point rate hike [3] - Investors are keenly observing whether the Fed will express concerns about inflation or indicate a willingness for future rate cuts [3] - Speculation about rate cuts in 2026 exists, although many Fed officials are cautious about rapid changes [3] Stock Performance and Technical Setups - Several leading stocks are approaching or surpassing technical thresholds viewed as potential entry points [2] - Nvidia (NVDA) has reclaimed its 50-day moving average, with a buy point around $184.48 and an early entry at $180.28 [3] - GE Vernova (GEV) moved above its 50-day line, with a buy point near $677.29 and an early entry possibility at $653.50 [3] - Tesla (TSLA) surged approximately 12.85% last week, breaking past its consolidation buy point of $367.71, now considered "extended" [3] - Meta Platforms (META) is maintaining a consolidation above its 50-day line, with a potential early entry at the high of September 8 ($766.51) [3] Investor Sentiment - Many market participants are heavily invested but cautious, particularly avoiding stocks that are already extended [3] - Sectors related to technology, semiconductors, and innovation ETFs have shown solid gains [3]