Wall Street climbs to fresh record highs

US stock indexes climbed to fresh record highs on Tuesday as investors awaited a packed week of corporate earnings, the start of the Federal Reserve’s policy meeting, and renewed trade discussions between Washington and Beijing.

Several major tech companies — including Alphabet, Amazon, Apple, Meta, and Microsoft — are set to report earnings this week, which could provide further direction for the market.

The Federal Reserve’s two-day meeting begins later today, with a rate decision expected on Wednesday. Markets broadly anticipate a 25-basis-point rate cut, marking the second consecutive reduction this year.

As of 16:08 GMT, the Dow Jones Industrial Average rose 0.5% (256 points) to 47,800, the S&P 500 gained 0.1% (9 points) to 6,884, and the Nasdaq Composite advanced 0.4% (85 points) to 23,718.