As the curtain draws on March, the stock market has hit a gentle pause, with the S&P 500 marking its third consecutive session in the red. This cooling off comes after a series of record highs last Thursday, demonstrating a market that, while resilient, is not immune to fluctuations.

In a remarkable turn of events that defied the usual market volatility, the Dow Jones Industrial Average, alongside the S&P 500 and Nasdaq, soared to all-time highs, lifted by the Federal Reserve’s latest policy. Wednesday’s rally came on the heels of the Fed’s decision to maintain interest rates at a 23-year peak while projecting three rate cuts by the end of 2024, sparking a wave of optimism across major market indices.

As the Federal Reserve kicked off its two-day policy meeting, Wall Street’s major indexes climbed higher, with the Dow Jones Industrial Average leading the charge. While investors braced for the central bank’s interest rate decision, chipmaker Nvidia’s unveiling of its latest AI offering further fuelled excitement in the growing artificial intelligence sector.

The Dow Jones Industrial Average modestly climbed, while the S&P 500 and Nasdaq Composite posted notable gains, breaking a losing streak and igniting optimism across Wall Street.

In a noticeable step back from their recent highs, both the S&P 500 and the Nasdaq Composite took a step back on Wednesday, indicating a decreasing enthusiasm in the tech sector, particularly marked by a decline in Nvidia shares.

The Dow Jones Industrial Average and the S&P 500 reached new heights, lifted by a confluence of favourable inflation data and robust performances from technology giants such as Nvidia and Meta Platforms.

This past week, the stock market experienced a notable shift in momentum, transitioning from its recent highs to a more passive stance.

Wall Street saw a modest uptick with the S&P 500 and Nasdaq Composite climbing higher, hinting at investor optimism amid a complex backdrop of economic indicators and corporate news.

The stock market took a hit after a period of strong gains, countering the recent excitement around artificial intelligence and positive investor sentiment. Big tech companies, especially Apple, saw their stock prices fall, which dragged down the Nasdaq Composite.

Despite March typically being a tough month for stocks, the Nasdaq Composite and the S&P 500 have hit new highs, thanks to strong interest in big technology companies and excitement about artificial intelligence (AI).

The recent upswing in global financial markets, fuelled by Nvidia’s remarkable quarterly earnings, underscored the significant impact of artificial intelligence (AI) technology on the financial landscape.