Today, US stock indexes are up, with the S&P 500, Dow Jones, and Nasdaq 100 hitting new all-time highs. Trade tensions are easing as Trump plans to lower tariffs on Chinese goods over the fentanyl crisis. South Korea will invest $150 billion in shipbuilding in the US. Semiconductor stocks are strong, led by Nvidia. The Fed is expected to cut rates by 25 bp, with an 88% chance of another cut in December. Mortgage applications are up, while Sep pending home sales were flat. Overseas markets are higher. In stocks, Nvidia, Micron, and KLA Corp are leading gains, while Fiserv and Avantor are down.

Read more at Barchart: Stocks Rally Ahead of Today’s Expected Fed Rate Cut