Overview
On October 28, 2025, Tuesday, the U.S. stock market closed higher with Nvidia leading the charge as it reached an all-time high. This came as the market awaited the Federal Reserve's impending rate decision. While most of the S&P 500 stocks took a moment of pause after recent gains, tech giants continued their ascent.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
Nvidia announced plans to build seven supercomputers for the U.S. Department of Energy and reported that their AI chip reservations totaled $500 billion. In addition, Microsoft secured a new contract with OpenAI, obtaining a 27% stake valued at $135 billion.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 20:00 | U.S. MBA Mortgage Applications |
| 22:45 | Canada Interest Rate Decision |
| 23:30 | U.S. EIA Crude Oil Stocks |
| TBD | U.S. Interest Rate Decision |
| TBD+30 | U.S. FOMC Press Conference |
General Opinion
The stock market remains optimistically focused on AI technologies with Nvidia bolstering investor confidence. As the Federal Reserve's rate decision approaches, market participants are eager for clarity on the direction of monetary policy, anticipating potential cessation of quantitative tightening. The outcome of the meeting between President Trump and President Xi also remains pivotal, especially in light of possible policy shifts concerning tariffs and trade relations.
