S&P 500 Surpasses 6,900 Before Fed Rate Decision, Gold Recovers to $4,000: Market Updates for Wednesday

AI Stock Surge: A significant rise in AI-related stocks, particularly NVIDIA's 9% increase, has driven the S&P 500 and Nasdaq 100 to record highs, as investors anticipate the Federal Reserve's upcoming rate decision.

NVIDIA Milestone: NVIDIA became the first company to exceed a $5 trillion market valuation, contributing to a combined worth of $22.2 trillion for the "Magnificent Seven" tech companies, while announcing over $500 billion in data center orders.

Earnings Highlights: Caterpillar's stock surged 13% after exceeding earnings expectations, while other companies like Teradyne and Seagate also saw significant gains; however, Fiserv's stock plummeted over 40% due to missed profit estimates.

Commodity Movements: Precious metals saw a rebound ahead of the Fed's decision, with silver and gold prices rising, while oil and natural gas also experienced notable increases; Bitcoin slightly declined, hovering near $111,000.