Market Performance - The three major U.S. stock indices reached new closing highs, with the S&P 500 rising 0.23% to 6890.89 points, the Nasdaq Composite up 0.80% to 23827.49 points, and the Dow Jones Industrial Average increasing by 161.78 points, or 0.34%, to 47706.37 points [1] - Nvidia's stock surged nearly 5%, contributing to a strong performance in AI-related stocks, with its market capitalization touching $4.94 trillion during intraday trading [1] Company Highlights - Nvidia's stock price increased by 4.98%, marking a historical high, with a single-day market value increase of over $230 billion. The CEO announced plans to build seven AI supercomputers for the U.S. Department of Energy and revealed AI chip orders totaling $500 billion [1] - Microsoft shares rose by 1.98% following a restructuring agreement with OpenAI, which transitioned OpenAI into a nonprofit entity while retaining a 27% ownership stake [1][2] - Apple’s stock saw a slight increase of 0.07%, with its market capitalization briefly surpassing $4 trillion, making it the third U.S. company to join the "trillion-dollar club" after Nvidia and Microsoft [2] Earnings Outlook - Investor focus is on upcoming quarterly earnings reports from major tech companies, including Apple, Microsoft, Alphabet, Amazon, and Meta, with expectations for evaluations on AI investments and capital expenditures to assess the sustainability of profit growth in the tech sector [2] - As of now, 180 companies within the S&P 500 have reported earnings, with a projected year-over-year earnings growth of 10.5% for Q3, surpassing previous expectations of 8.8% [2] Economic Indicators - The U.S. government shutdown has delayed the release of official economic data, leading the market to rely on corporate disclosures and private statistics [2] - The Federal Reserve is expected to announce a 25 basis point interest rate cut, with recent ADP estimates indicating an average weekly increase of approximately 14,000 jobs in the private sector, reflecting resilience in the labor market [2]

Group 1 - Goldman Sachs increased its holdings in Nvidia, Microsoft, Tesla, Broadcom, and Meta during the second quarter [1] - The firm has significant positions in Nvidia, Microsoft, SPDR S&P 500 ETF Trust, Apple, and Meta [1] - Goldman Sachs also initiated a new position in Emera Inc. [1]