US markets today: Wall Street heads for fresh records led by tech rally; Fed rate cut boosts sentiment

Wall Street rallied, propelled by tech stocks, after Nvidia’s $5 billion investment in Intel and the Federal Reserve’s interest rate cut. The S&P 500 neared record highs, while Intel shares soared. Globally, markets were mixed, with gains in Europe and Asia contrasting with declines in China and Australia. The Fed’s projections of further rate cuts boosted market sentiment.