S&P 500 stock price

The S&P 500 and Nasdaq achieved record highs amid expectations of Federal Reserve interest rate cuts due to economic softening. Market optimism prevails despite weak economic data, with hopes of alleviating labor market conditions. Tesla's stock surged following positive delivery reports, contributing to the overall positive sentiment in the stock market. Despite concerns about volatility, the market continues to trend upwards towards new highs ahead of crucial economic data releases and Federal Reserve decisions.