TREE NEWS reports: The Nasdaq 100 extended gains to 1% as the Federal Reserve’s monetary policy meeting opened, with technology stocks leading. Nebius Group NV rose 8.9%, Western Digital gained 7.5%, Seagate Technology added 5.6%, CoreWeave rose 5% and Cadence Design Systems climbed 4.4%. The Philadelphia Semiconductor Index rose more than 2.3%, while Boeing fell 10% after cutting its delivery targets and the Dow was down less than 0.1%.
Nasdaq 100 Rises 1% as Fed Meeting Opens; Tech Stocks Lead Gains
AI take
The split between a semiconductor-led tech rally and Boeing's delivery cut shows this is a rotation story, not a broad risk-on move — the Dow's flat-to-lower tone confirms the gains are concentrated. The Fed meeting framing matters because equities are moving into it with momentum already priced in. Whether chip leadership holds through the policy decision, and whether the Boeing weakness stays contained to industrials, are the open questions.
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