Tech leads as S&P 500 nears high, Fed stays cautious, oil slides

On Morning Brief, Brad Smith reports US stocks hold near all-time highs with tech—especially the Nasdaq and Nvidia (NVDA)—driving the rally. Investors are watching for more signals from Fed Chair Jerome Powell as he signals patience on rate cuts, with tariffs and inflation still in focus. Oil prices drop to ease Middle East fears. FedEx (FDX), General Mills (GIS), and Tesla (TSLA) are among today’s trending tickers.

Takeaways:

• S&P 500 and Nasdaq hover near records on tech momentum

• Powell stays patient on rates, watching inflation and tariffs

• Oil prices fall as Middle East risks ease

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Brad Smith hosts Yahoo Finance's Morning Brief.

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