US stocks were buoyant on Wednesday, holding steady after the Dow Jones (US30) and S&P 500 (SPX) both surged to new highs.
The previous day's gains saw the Dow rise 0.2%, the S&P 500 rise 0.25%, and the Nasdaq jump 0.56%.
It was a big day for technology, with semiconductor giants such as Nvidia (+4%), Broadcom (+1.1%), AMD, Taiwan Semiconductor and Intel all enjoying strong gains.
Meanwhile, US-listed Chinese shares surged as Beijing's new monetary easing measures gave companies such as Alibaba (+7.9%) and PDD Holdings (+11.2%) a significant boost.
Investors now expect that the Federal Reserve (Fed) may cut interest rates again this year, especially after consumer confidence hit a three-year low.
Investors' eyes are on several US economic data releases heading into the end of the week, including new home sales, jobless benefits claims and Friday's all-important PCE report.
With third-quarter earnings season fast approaching, it makes for an important week for investors to scrutinize the data.
