S&P 500 Breaks Records, Exceeding 7,000 Points Level

S&P 500 Index Continues to Rise

Thanks to strong financial results and positive market expectations, announcements from technology giants like Microsoft and Meta have provided an upward momentum in U.S. stocks. These developments occurred as investors turned their attention to the U.S. Federal Reserve's (Fed) interest rate decision to be announced today.

A Historic Day: S&P 500 Surpasses 7,000 Points

S&P 500 Index gained 0.2%, successfully surpassing the 7,000 points level for the first time in its history. One of the noteworthy stocks influencing the market was Starbucks, driven by strong sales forecasts.

Market Performance and Expectations

The technology-heavy Nasdaq 100 gained 0.7%, while the Dow Jones index exhibited a flat performance. Matt Maley, Chief Market Strategist at Miller Tabak + Co, noted that despite this record increase, investors remain in a cautious wait-and-see mode. Maley stated that today's Fed decision and the large technology earnings reports to be released this week could be factors explaining market stagnation.

Strong Results in the Technology Sector

Adam Crisafulli, CEO of Vital Knowledge, emphasized the importance of progress within the technology sector. Strong results and positive expectations from firms such as ASML Holding, F5 Inc., SK Hynix, Seagate Technology Holdings PLC, and Texas Instruments Inc. were cited as primary reasons for the sector's rise.