Record highs, but make it dramatic
The S&P 500 spent Tuesday doing what it’s been doing a lot lately: flexing. The index climbed 0.61% to a fresh record close of 7,519.12, with tech once again playing the role of hero-in-a-Hoodie. If you’ve been wondering why your portfolio suddenly feels like it’s powered by a rocket engine, there’s your answer.
The tech cannon keeps firing
Micron was the day’s star, jumping 19% and briefly crossing the $1 trillion market-cap club like it was an exclusive velvet-rope party. That kind of move doesn’t just make MU holders smile — it tends to ripple through the memory-chip crew. Seagate and Western Digital caught some of that wave too, because when one chip name catches fire, the whole neighborhood usually smells like smoke.
Meanwhile, the geopolitical side quest
Markets are also still parsing the U.S.-Iran situation, with traders trying to decide whether the latest talks are genuine progress or just diplomatic jazz hands. Add in higher oil prices and the usual “maybe the Fed stays tight longer” worry, and you’ve got the classic market cocktail: optimism with a side of nerves.
What you should watch this morning
Before Wednesday’s open, investors are also bracing for earnings from Abercrombie & Fitch, Bath & Body Works, Dick’s Sporting Goods, and Manchester United. Not exactly the same flavor as megacap tech, but in a market like this, every data point matters — especially when the tape is sitting near all-time highs and everyone’s asking the same question: can the rally keep doing pushups?
Big picture: the market’s still being carried by tech muscle, but with geopolitics, oil, and Fed chatter in the mix, today’s open could still have a little drama baked in.