Stock market today: S&P 500, Nasdaq rise as Wall Street braces for Fed decision, Big Tech earnings

Group 1: Market Performance - US stocks experienced an upward trend, with the S&P 500 reaching a new high, closing up 0.3% above 7,000 for the first time [1] - The Nasdaq Composite increased by approximately 0.6%, while the Dow Jones Industrial Average remained stable [1] Group 2: Technology Sector - A significant surge in orders for ASML's chipmaking machines has fueled optimism for a sustained AI boom, positively impacting shares of ASML, Nvidia, and TSMC [2] - Microsoft and Meta Platforms are set to report earnings, having heavily invested in AI-focused data centers supported by ASML's chips, with Tesla also reporting results [3] Group 3: Federal Reserve and Economic Outlook - Investors are anticipating the Federal Reserve's interest rate decision, expected to maintain rates between 3.5% and 3.75%, with attention on Chair Jerome Powell's comments for future rate cuts [4] - The recent decline in the dollar could influence rate expectations, as it reached its lowest level since 2022 [5] - Political tensions surround the Federal Reserve, with a criminal investigation against Powell and speculation about his potential successor [6]