Stock market today: Dow, S&P 500, Nasdaq rise as Nvidia hopes run high, with Fed decision on deck

Market Overview - US stocks experienced a rise, with the S&P 500 increasing by 0.3% and the Nasdaq Composite gaining approximately 0.7%, reaching new all-time highs [1] - The Dow Jones Industrial Average also saw a slight increase of 0.3% [1] Federal Reserve Expectations - Markets are in a wait-and-see mode ahead of the Federal Reserve's decision, with expectations for a quarter-point rate cut, the first since July [2] - Investors are closely monitoring Chair Jerome Powell for indications regarding the pace of future easing [2] Nvidia's Performance - Nvidia's stock rose following President Trump's comments suggesting potential easing of sales restrictions in China, particularly regarding Nvidia's Blackwell AI processors [3] - The company's market capitalization surpassed $5 trillion, marking it as the first company in history to achieve this milestone [4] - Nvidia shares closed at a record high after a successful GTC event, which generated positive investor sentiment [4] Upcoming Earnings Reports - The "Magnificent Seven" tech megacaps are set to report earnings, starting with Alphabet, Meta Platforms, and Microsoft [5] - Analysts anticipate significant data center spending, with a focus on the returns from ongoing AI investments; any disappointments could negatively impact the broader market [5]