Traders ramped up bets for additional Fed moves following a cooler core CPI report.
Financial stocks have rallied since Trump won the election and soft-landing hopes have climbed.
The S&P 500 hovers close to where it traded just before election day.
Stocks turned red and Fed rate cuts came under question after the December jobs report.
Without a Santa Rally to kick off the year, stocks tend to stumble out the gate.
Long-term bond yields are hovering near the key psychological level of 5%.
Trump wants interest rates lower while Jerome Powell wants them higher for longer.
The stock hit a record high as its CEO delivered a bullish keynote revealing new Blackwell chips.
The benchmark index would have been flat for two years without Big Tech.
A key technical indicator hovers at levels last seen before the market peaked in 2022.
Analysts see sizable improvements for corporate earnings outside the Magnificent 7.
Assets of all sizes smashed records and turned parabolic as economic expectations shifted.
