S&P 500 rides on Nvidia-led tech surge to close higher via Investing.com

Investing.com– The S&P 500 ended much higher, led by Nvidia, as investors turned to technology just as the third-quarter earnings season got underway.

At 4:00 pm ET (2000 GMT), it was up 126 points, or 0.3 percent, up 1 percent and gaining 1.4 percent.

Nvidia powers the technology; Docusign is set to join the S&P 500 MidCap 400 Index

NVIDIA Corporation (NASDAQ: better than I thought”.

Alphabet (NASDAQ: payment, marking a setback for the tech giant’s antitrust defense. claims.

DocuSign Inc (NASDAQ: ) is set to join the S&P500 MidCap 400 on Friday, replacing MDU Resources, sending its shares more than 6% higher.

PepsiCo releases Q3 earnings season; Honeywell spin off plans delight; Roblox featured in short seller report

Shares of PepsiCo (NASDAQ: North and disruptions in international business.

Shares of Honeywell (NASDAQ: ) rose more than 1 percent after the Wall Street Journal reported that the conglomerate plans to spin off its advanced materials business.

Roblox Corp (NYSE: ) fell more than 2% after short seller Hindenburg Research accused the online gaming company of inflating key metrics including active users and user engagement hours on its platform.

The Fed speakers are out in force

There is little economic data set to influence interest rate expectations, although the September meeting is scheduled for Wednesday and the September meeting for Thursday, with investors watching for any signs of inflation remaining sticky.

Fed spokesmen continue to weigh in on the rate outlook. The president of the Boston Federal Reserve said further interest rate cuts are likely to be needed as inflation continues to fall. While the Atlanta Fed president said the strength of the labor market points to continued economic strength.

Traders are currently pricing in an 80.9% chance that the Fed will cut rates by 25 basis points in November and a 19.1% chance that the central bank will not cut rates at all.

Traders were also seen pricing in a higher terminal rate for the current Fed easing cycle.

The central bank cut rates by 50 bps in September and announced the start of an easing cycle. But it still signaled a data-driven approach to future rate cuts.

(Peter Nurse, Ambar Warrick contributed to this article.)