The S&P 500 closed slightly higher on Tuesday, supported by renewed strength in tech stocks as traders increased their bets on a Federal Reserve rate cut. By the closing bell, the Dow Jones Industrial Average climbed 0.4%, the S&P 500 added 0.2%, and the NASDAQ advanced 0.6%.
Market optimism grew after the latest ISM data signaled continued weakness in U.S. manufacturing, reinforcing expectations that the Fed could begin easing policy as soon as next week. Futures markets now price in an 86% chance of a 25-basis-point cut at the Dec. 9–10 Fed meeting. Softer economic indicators, easing inflation pressures, and recent remarks from Fed officials hinting at earlier-than-expected cuts have fueled this shift in sentiment.
Speculation surrounding future Fed leadership is also influencing markets, with reports suggesting White House economic adviser Kevin Hassett has become the leading contender to replace Chair Jerome Powell when his term expires next year. Adding to the momentum, Bank of America revised its outlook, now anticipating a December cut and projecting two more reductions in mid-2026, citing potential policy changes under new leadership.
In corporate news, Marvell Technology is set to headline a light earnings calendar, while MongoDB surged over 22% after raising its full-year guidance. Media reports also surfaced that Marvell is in advanced talks to acquire AI chip startup Celestial AI in a multibillion-dollar deal.
Dell Technologies gained after President Donald Trump praised the Dell family for announcing a massive $6.25 billion philanthropic initiative, providing $250 to each of 25 million U.S. children as part of the broader “Invest America” program.
Boeing shares jumped 10% after forecasting positive free cash flow for 2026 and securing a $104.4 million U.S. Navy contract for aircraft display repairs.
In crypto markets, Bitcoin rebounded more than 7% to reclaim the $90,000 level, boosting sentiment and lifting related stocks including MicroStrategy, Coinbase, and Marathon.


Goldman Sees Foreign Investors Driving India Stock Market Recovery
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings
China Home Prices Fall Again in June Despite Slower Pace of Decline
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 



