Market Overview - The NASDAQ and S&P are on track for record highs, with Alphabet's market cap surpassing $3 trillion, needing to close at $252 to maintain this status [1] - The Select Spider Fund, which includes consumer discretionary stocks, is reaching record levels, indicating investor confidence in potential interest rate cuts by the Fed [2] Economic Outlook - The expectation of the Fed cutting rates is seen as a catalyst for economic growth, particularly benefiting consumer discretionary stocks like Amazon and Tesla [3] - Current weak job numbers are viewed positively, as they may prompt the Fed to pivot and increase liquidity, creating a favorable environment for growth [5] Sector Analysis - The consumer discretionary sector is experiencing a rotation, with a focus on stocks that are expected to perform well in the next six months [4] - JP Morgan is highlighted as a strong pick due to its leadership and anticipated increase in M&A activity and funding needs for growth [6][7] Future Projections - There is an optimistic outlook for the market, with expectations of over 20% upside potential in the broad market over the next year [8]

(Removes extraneous "as" in headline, no other change to text) By Chibuike Oguh and Sara Rossi NEW YORK/LONDON (Reuters) - An index of world equity markets edged higher in choppy trading after hitting a record high on Tuesday ahead of the widely expected start of the Federal Reserve's interest rate cutting cycle, while U.S. Treasury yields and the dollar fell. MSCI's all-country index was a shade higher by 0.04% after rising as far as 978.74, a record high. Wall Street stocks erased earlier session gain ...

By Shariq Khan NEW YORK (Reuters) - Oil prices rose over a dollar a barrel on Tuesday, as traders weighed the possibility that Russian supplies may be disrupted by Ukrainian drone attacks on its ports and refineries, and awaited the Federal Reserve's decision on U.S. interest rates. Brent crude futures settled up $1.03, or 1.5%, at $68.47 a barrel. U.S. West Texas Intermediate crude futures rose $1.22, or 1.9%, to settle at $64.52 a barrel. Russia's oil pipeline monopoly Transneft has warned producers t ...

NEW YORK: Wall Street stocks advanced on Monday with the S&P 500 and Nasdaq Composite reaching new all-time highs amid growing anticipation of a Federal Reserve interest rate cut. Investor optimism was further bolstered by positive developments from US-China economic discussions held in Madrid. The Dow Jones Industrial Average rose 0.1% to close at 45,883.45, while the broad-based S&P 500 Index gained 0.5% to finish at 6,615.28. The technology-focused Nasdaq Composite Index surged 0.9% to end the trading se ...

US stocks mostly nudged higher on Tuesday after the Senate confirmed President Trump's pick, Stephen Miran, as a Federal Reserve board governor, following another record-setting day on Wall Street. The benchmark S&P 500 (^GSPC) edged less than 0.1% higher, and the tech-heavy Nasdaq Composite (^IXIC) rose around 0.2%.The Dow Jones Industrial Average (^DJI) fell more than 0.1%. The Senate narrowly confirmed Stephen Miran, President Trump's Fed pick, in a 48-47 vote on Monday evening — a day before the cen ...

S&P and Nasdaq futures climbed on Tuesday after the Senate confirmed President Trump's pick, Stephen Miran, as a Federal Reserve board governor, following another record-setting day on Wall Street. Futures attached to the Dow Jones Industrial Average (YM=F) were mostly flat, the benchmark S&P 500 (ES=F) edged higher 0.2%, and the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%. The Senate narrowly confirmed Stephen Miran, President Trump's Fed pick, in a 48-47 vote on Monday evening — a day before the central ba ...

US stock futures climbed on Tuesday after the Senate confirmed President Trump's pick, Stephen Miran, as a Federal Reserve board governor, following another record-setting day on Wall Street. Futures attached to the Dow Jones Industrial Average (YM=F) rose just above the flatline, the benchmark S&P 500 (ES=F) edged higher 0.1%, and the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%. The Senate narrowly confirmed Stephen Miran, President Trump's Fed pick , in a 48-47 vote Monday, a day before the central bank's ...

Well, I'm so glad you're with us on this Monday. We're watching possibly for some records and we have some great guests for you. US stock index futures are looking to the upside.We're getting you ready for the trading day. We bring in Wall Street veteran Ted Weissberg, founder of President Seapport Securities and he has picked notoriously many winners over the years and you've been on this trading floor for many years. How are you feeling about the market today, Ted.Well, I'm still feeling good, but this we ...

Market Performance - U.S. equities experienced a significant surge on September 15th, 2025, with the S&P 500 closing at an all-time high of approximately 6615 points, up by about 0.52% [2] - The Nasdaq Composite Index also reached a new record close, gaining 0.9%, while the Dow Jones Industrial Average increased by 0.1% [2] - The market's strong performance was attributed to investor optimism ahead of a widely anticipated interest rate cut by the Federal Reserve [1][3] Federal Reserve Expectations - The Federal Reserve is expected to announce a 25 basis point reduction in the federal funds rate during its FOMC meeting on September 16th and 17th, 2025, bringing the target range to approximately 4.00%-4.25% [4] - The meeting is significant due to ongoing inflation concerns and a weakening labor market, with the Fed also set to release its updated Summary of Economic Projections [5] Corporate Developments - Tesla's CEO Elon Musk purchased approximately $1 billion worth of Tesla stock, leading to a surge of over 5% in the company's shares [7] - Alphabet's stock rose by over 4%, pushing its market capitalization above $3 trillion for the first time [7] - Intel's shares advanced nearly 3% to 4% after announcing a trimmed fiscal 2025 non-GAAP operating expenses forecast following the sale of a 51% stake in its Altera business for approximately $3.3 billion [11] Earnings Announcements - Upcoming earnings reports include Dave & Buster's Entertainment, Inc. and Radiant Logistics, Inc., which are expected to provide insights into corporate performance [8] - RH reported a second-quarter fiscal 2025 earnings of $2.93 per share, missing consensus estimates, leading to a decline of 4.6% in its shares [11] - Super Micro Computer gained 2.4% after announcing large-scale shipments of Nvidia Blackwell Ultra systems [11]

Wall Street closed higher Monday as investors positioned themselves for the Federal Reserve's upcoming policy meeting, anticipating a potential interest rate cut.Market OverviewThe S&P 500 and Nasdaq Composite both reached new intraday record highs, while the Dow Jones Industrial Average remained relatively flat. The S&P 500 closed at 6,615.31, up 0.47%, and the Nasdaq Composite finished at 22,323.25, gaining 0.82%. The Dow Jones Industrial Average ended at 45,839.54, a modest increase of 0.01%, Reuters rep ...