Stocks Soar on Tech Mania: Bulls Bet Big on Earnings and Rate Cuts (Bubble Fears or Boom?)
U.S. stocks closed at record highs Monday, with the Dow up 0.5%, S&P 500 up 0.8%, and Nasdaq up 1.4%. Softer September inflation data has traders expecting a 25-point Fed rate cut this week. Big Tech earnings are due Oct. 29–30, with analysts predicting strong but not explosive growth. Apple hit all-time highs on robust iPhone 17 sales, while AI-driven gains fueled bubble concerns among some market watchers.