Updates with post on early US market action
U.S. stocks green; Nasdaq out front, up ~0.6%
Tech leads S&P sector gainers; Real Estate weakest group
Euro STOXX 600 index ~flat
Dollar, crude gain; gold up >1.5%; bitcoin edges red
U.S. 10-Year Treasury yield edges up to ~3.99%
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WALL ST AT RECORD HIGHS, NVIDIA AT $5 TRILLION AHEAD OF FED
All three main U.S. stock indexes are at record highs once again on Wednesday, with technology stocks the biggest boost as Nvidia NVDA.O clinched a $5 trillion valuation ahead of a likely interest rate cut by the Federal Reserve.
The AI-chip designer is last up 4.6% on the day, becoming the first $5 trillion company a day after Apple AAPL.O achieved the $4 trillion feat.
Chip stocks are broadly higher with the Philadelphia SE Semiconductor Index .SOX hitting all-time highs for the fourth session in a row.
Excluding Nvidia, other megacap and growth stocks are mixed as the third quarter earnings season continues to march ahead.
Alphabet GOOGL.O, Meta Platforms META.O and Microsoft MSFT.O are due to report after markets shut on Wednesday, with Apple and Amazon.com AMZN.O slated for Thursday.
On the day, Boeing BA.N is dipping 3% after the planemaker pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5 billion charge due to the delay.
Caterpillar CAT.N is jumping 12.3% as the industrial equipment maker topped third-quarter profit and revenue estimates.
Fiserv FI.N is plunging 43.8% after the payments software company reported results below estimates and cut its growth forecast for the second consecutive quarter.
Later in the day, the Fed is widely expected to cut interest rates by a quarter of a percentage point as policymakers steer the U.S. economy based on limited data that has nevertheless kept concerns about the strength of the job market top of mind.
Here's a look at the markets at 10:01 a.m. ET/1401 GMT:
(Shashwat Chauhan)
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EARLIER ON LIVE MARKETS:
WITH THE DOW TRANSPORTS STALLED, MIGHT THE DOW INDUSTRIALS SOON NEED A TOW TRUCK? CLICK HERE
AI TURNS BITCOIN MINERS INTO POWER BROKERS CLICK HERE
WHERE TO BE LONG AGAINST THE DOLLAR CLICK HERE
DECENT SET-UP FOR YEAR-END RALLY CLICK HERE
EUROPE'S STOXX 600 NOW WORTH THREE NVIDIAS CLICK HERE
BEFORE THE BELL: EUROPE FLAT AS BIG TECH; MERCEDES, UBS BEAT CLICK HERE
FED, BIG TECH AND TRUMP PAGEANTRY RULE THE DAY CLICK HERE
US markets snapshot https://tmsnrt.rs/4hw8riR