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Benzinga
Benzinga
Business
Piero Cingari

S&P 500 Tops 6,900 Ahead Fed Rate Move, Gold Reclaims $4,000: What's Moving Markets Wednesday?

V Nasdaq NYSE Gold Nvidia ESS Nvidia Corp the Federal Reserve US Federal Reserve Caterpillar Inc
Man, market up

A powerful surge in AI-related stocks — led by a 9% advance in NVIDIA Corp. (NASDAQ:NVDA) over the past two sessions — propelled the S&P 500 above the 6,900 mark and lifted the Nasdaq 100 to 26,100 points, both breaking new records, as investors brace for the Federal Reserve's highly anticipated rate decision on Wednesday.

• SOXX is poised for a potential breakout. Review the technical setup here.

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