29.10.202513:42:26UTC+00US Stocks Extend Record Run to 4th Session

On Wednesday, U.S. stocks continued their upward trajectory, with the S&P 500 increasing by 0.3%, the Nasdaq up by 0.7%, and the Dow Jones climbing 170 points. This marks the fourth consecutive session of record highs. Nvidia's shares surged nearly 5%, setting a milestone as the first company to reach a market capitalization of $5 trillion. This came after U.S. President Trump announced plans to discuss Nvidia’s Blackwell processors with China's President Xi Jinping, positioning the tech leader to be the first public entity valued at this level. Other tech companies also experienced gains, with AMD rising by 2.4% and Micron Technology by 2.3%. Investors are closely monitoring a new wave of corporate earnings reports, with Microsoft, Meta, and Alphabet set to release their results after the market closes. Additionally, Verizon's stock increased by 3.7% following its reaffirmation of the full-year forecast, while Caterpillar's shares soared 9.8% due to robust third-quarter sales. In contrast, Boeing's stock dropped 4% after disappointing earnings. Meanwhile, it is broadly anticipated that the Federal Reserve will reduce interest rates by an additional 25 basis points later today.