“Record Closes for S&P 500, Nasdaq amidst Anticipation of Fed Decisions and Market Volatility: Tech and Airline Stocks Stand Out”

Investors on Monday saw S&P 500 and Nasdaq close at fresh records, clinching their first winning day in three as they eagerly anticipate the Federal Reserve’s decision on interest rates and the May inflation data. Notable performances included Nvidia, Apple, GameStop, and Southwest Airlines. The day also marked a great trading session for shares of Zoom Video Communications Inc., despite a slight underperformance. Concerns loom on Wall Street as prominent trading desks such as JPMorgan and Citigroup warn of a potential market jolt due to the looming Federal Open Market Committee (FOMC) meeting. Meanwhile, the focus remains on AI stocks following the hype around artificial intelligence technology. Markets also witnessed a head-to-head contrast between SolarWinds and Maquia Capital Acquisition. Despite these uncertainties and warnings, the stock market remains optimistic, driven by the prospect of strategic advancements and significant revenue generation opportunities.