Wall Street Surges on Tech Optimism, Congressional Stock Ban Heats Up, and Fed Signals Balance Sheet Shift

Key TakeawaysWall Street saw a robust rebound on Monday, October 20, with major indexes climbing as investors "bought the dip" in mega-cap technology stocks, especially those tied to Artificial Intelligence (AI), pushing the Nasdaq Composite (COMP) to a 16.9% year-to-date return.An internal Republican conflict is intensifying over proposed legislation to ban congressional stock trading, with bipartisan support for the measure but divisions emerging over its scope and implementation, including a potential ta ...