US equities extend rally with Nasdaq leading gains

Tech-heavy index outpaces broader market as investors push major benchmarks toward record highs ahead of the July 29 Fed decision.

By Handelsavisen Newsroom · Automated 2026-07-16 16:31 UTC · 1 min read Last updated: 2026-07-16 21:37 UTC

US stock markets opened in positive territory on Tuesday, extending a broad-based rally that has lifted major indices toward record levels.

The Nasdaq Composite led the advance, outpacing the S&P 500 and Dow Jones Industrial Average in early trading.

7%, reflecting renewed buying interest in technology and growth stocks.

The S&P 500 was up 0.4% in early trading, while the Nasdaq Composite gained 0.7%, reflecting renewed buying interest in technology and growth stocks.

The Dow Jones Industrial Average also posted modest gains, contributing to a broadly positive sentiment across Wall Street.

This session continues a multi-day uptrend that has seen US equity markets climb steadily over the past week.

Investors appear to be positioning for a potential shift in monetary policy, with the Federal Reserve's upcoming rate decision on July 29 serving as a key catalyst.