Stock market today: Dow Jones, S&P 500, Nasdaq climb as investors await Fed decision after Nasdaq’s record close

Market Overview - US stocks experienced gains on Monday, with the Dow Jones Industrial Average increasing by 0.2%, the S&P 500 rising by 0.3%, and the Nasdaq Composite gaining 0.45% [1] - The major US stock indexes had a strong previous week, with the Nasdaq achieving a record high with a 2% increase, the S&P 500 rising by 1.6%, and the Dow ending a two-week losing streak [2] Company-Specific Developments - Nvidia's stock fell over 2% following a preliminary probe by China that found the AI chipmaker in violation of antitrust laws, increasing pressure on the US amid high-level talks with Chinese officials [3] - Tesla's stock surged by 7% after CEO Elon Musk purchased $1 billion worth of Tesla shares [3] Economic Indicators - Weak labor market signals and rising prices have led to increased expectations for a Federal Reserve interest rate cut at the upcoming policy meeting, with traders pricing in a 96% chance of a quarter-point reduction [4] - A potential rate cut could further support stock prices, especially as enthusiasm for AI continues to influence market sentiment, despite concerns about an AI bubble [5] Earnings Season Insights - The earnings season is nearing its end, with FedEx positioned as a key focus for investors, as its results are viewed as indicative of global trade flows and the broader US economy [6] - Cracker Barrel is also anticipated to report results, following recent discussions regarding its branding changes [6]