The stock market saw new record-high closes for three major indexes, with the Dow reaching 47,706, the S&P 500 at 6890, and the Nasdaq at 23,837. Amazon plans to cut 14K jobs as it invests in AI. Visa beat earnings estimates, while Booking.com and Mondelez reported mixed results.

The Federal Reserve is expected to announce a quarter-point interest rate cut tomorrow. Huge Q3 earnings data is anticipated after the bell, including reports from Alphabet, Meta, Microsoft, Boeing, Chipotle, and Starbucks. Quantum computing stocks are predicted to soar, offering significant wealth-building opportunities.

Investors are encouraged to position their portfolios in quantum computing stocks for potential gains. A special report titled “Beyond AI: The Quantum Leap in Computing Power” highlights stocks that could lead the quantum computing race. Key stocks to watch include Microsoft, Visa, Starbucks, and Chipotle.

Read more at Nasdaq: New Record Closing Highs Ahead of Fed Cut, Mag 7 Earnings