Wall Street Optimism: Nasdaq Hits New Record High

Wall Street maintained a positive sentiment, with tech stocks and AI leading the gains. Markets are focusing on the Fed and inflation.

The Dow Jones closed up 0.25% at 45,515 points, the S&P 500 up 0.21% at 6,495 points, and the Nasdaq up 0.45% at 21,798 points, reaching new record highs.

The rise was fueled by shares of Broadcom and Nvidia, while Meta Platforms, Amazon, and Microsoft also rose. EchoStar soared after the agreement to sell spectrum licenses to SpaceX.

Markets are increasing bets on an interest rate cut by the Federal Reserve at the next meeting, with some not ruling out a cut of up to 50 basis points.

Analysts at Goldman Sachs and Morgan Stanley predict that interest rate cuts will give a new boost to the market.