More Stories

Informist, Wednesday, Oct. 29, 2025                                      Tel +91 (22) 6985-4000

---

Equity Alert: US mkt hits record high again Tue on trade optimism, earnings

 

MUMBAI--0741 IST--The US stock market hit fresh all-time closing highs for the second session in a row Tuesday amid optimism about a trade deal between the US and China and ahead of the earnings of major information technology players this week. There is hope that the US Federal Reserve will reduce key rates at the outcome of its two-day monetary policy meeting, due later in the day. 

 

Trade tensions between China and the US appear to have eased and the two countries are expected to sign a trade deal Thursday. "The market is seeing President Trump re-engaging with the rest of the world again (i.e., China and Japan), and this is a good thing, insofar as it may temper his desire for more tariffs," said Thierry Wizman, global FX and rates strategist at Macquarie Group, CNBC-TV18 reported. However, expensive valuations and shutdown of the US government remain key risks for a market that is at a record high, as per the news report. 

 

The tech-heavy Nasdaq Composite index was the top gainer among the three headline indices, while the S&P and Dow Jones Industries Average closed 0.2-0.3% higher. Earnings of Alphabet, Meta Platforms and Microsoft are scheduled to be released after US market hours Wednesday and Apple and Amazon will detail their results Thursday, CNBC-TV18 reported. 

 

All eyes will be on the US central bank as it is widely expected to cut interest rates by 25 basis points to 3.75-4.00%. Investors will closely watch for Chairperson Jerome Powell's comments about the future rate trajectory, economic strength, and inflation. 

 

Shares of Nvidia closed 5% higher after the company said it would build seven supercomputers for the US Department of Energy. The company has $500 billion in bookings for its artificial intelligence chips, it said. The stock added over $230 billion in market value, taking the company on the verge of becoming the first entity worth $5 trillion, Reuters reported.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6890.89	0.23
NASDAQ Composite	23827.493	0.8
Dow Jones Industrial Average	47706.37	0.34

 

(Anjana Therese Antony)

 

End

 

US$1 = INR 88.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.