Nasdaq Frenzy: Tech Titans’ AI-Fueled Surge Hits Records Ahead of Fed Cut & Earnings Bonanza
Market Hits Record Highs on AI & Fed Tailwinds Wall Street’s enthusiasm is palpable as major indices surged to all-time highs ahead of Big Tech earnings. The Nasdaq Composite and S&P 500 both notched record closes to start the week, powered by investors “clinging to the positives” of strong earnings, AI innovation and an imminent Fed rate cut ts2.tech ts2.tech. On Monday Oct. 27, the Nasdaq jumped about 1.9% to ~23,637 reuters.com reuters.com, with heavyweight tech stocks leading the charge. Alphabet soared 3.6% that day after an analyst upgrade, helping the communication-services sector rally +2.3% reuters.com reuters.com. Chipmakers also ripped higher –