By Tiffany Williams –
Wall Street just can’t quit breaking records.
Stocks pushed higher Monday, with Big Tech once again carrying the load. The Dow added 0.2%, the S&P 500 climbed 0.5%, and the Nasdaq roared 0.7% — all three logging their third straight all-time high.
Nvidia ripped to a fresh record after revealing plans to plow as much as $100 billion into OpenAI, a move that also juiced Oracle shares once the White House confirmed it would be in the TikTok rescue squad. Tesla rode the hype train too, closing near its 2025 peak as the faithful bet on self-driving dreams.
Gold went nuclear, blasting through $3,750 an ounce for a new all-time high on Fed rate-cut hopes. But crypto traders got smoked — Bitcoin and friends cratered as $1.5 billion in bullish bets went up in flames.
Traders are bracing for Friday’s inflation readout, the Fed’s preferred PCE gauge. A soft print could lock in another rate cut next month. Meanwhile, Powell hits the mic Tuesday, and rookie Fed governor Stephen Miran — a Trump pick — is already pushing for rates two points lower.
And in the backdrop: corporate America fuming over Trump’s latest immigration squeeze. The White House slapped a $100,000 fee on H-1B visas, sparking panic emails from Microsoft and Goldman warning foreign workers to brace for impact.
Records on Wall Street, chaos everywhere else.