U.S. stocks reached record highs on Tuesday as investors focused on AI and upcoming corporate earnings. The Dow Jones rose by 0.3%, the S&P 500 gained 0.2%, and the Nasdaq jumped 0.8%. Tech stocks surged, with NVIDIA leading the AI rally. The Federal Reserve is expected to announce an interest rate cut on Wednesday.

Tech stocks, including NVIDIA and Microsoft, saw gains ahead of earnings reports. NVIDIA announced a partnership with Nokia and is set to become a $5 trillion company. The earnings season for S&P 500 companies has been strong, with 83% beating expectations. Traders eagerly await the Fed’s decision on interest rates.

Investors anticipate a 25 basis point interest rate cut from the Federal Reserve. Trade talks between the U.S. and China could result in a deal that lowers tariffs on Chinese goods. The fear gauge, CBOE Volatility Index (VIX), rose slightly. Stock market continues to show resilience amid various economic factors.

Read more at Nasdaq: Stock Market News for Oct 29, 2025