Record-Breaking Opening for Nasdaq 100

On a remarkable Thursday, the Nasdaq 100 soared to an all-time high, fueled by stellar earnings from tech giants Microsoft and Meta. Despite slightly higher inflation figures, investor confidence remained unshaken, propelling the index forward.

Inflation Data and Market Resilience

The PCE index, a key inflation metric favored by the Fed, reported an annual rate of 2.6%, slightly above expectations. Yet, the market's focus was firmly on the tech sector's robust performance, with Nvidia also hitting a record high, climbing over 1.5%.

Global Economic Talks and Market Movements

Treasury Secretary Scott Bessent highlighted progress in US-China negotiations, hinting at a nearing deal. Meanwhile, the Dow Jones Industrial Average and S&P 500 also saw gains, with Microsoft's market cap surpassing $4 trillion and Meta Platforms jumping 11% after an outstanding earnings report.

At 8:58 am ET, the euro remained steady against the dollar, trading at $1.14104, as investors digested the day's mixed economic signals.