The Dow Jones Industrial Average was having a choppy day, swinging about 560 points from a fresh intraday high above 48,000 for the first time to a session low of 47,473.39, according to FactSet data.

The US indices that I follow here at FX Empire all look as if they are going to jump higher, with excitement building around the anticipation of rate cuts and a potential agreement between the Chinese and Americans.

Wall Street cracks post US Fed: Dow Jones, Nasdaq, S&P 500 drop nearly 1% post Powell's comments on future rate cuts

U.S. stocks closed higher Friday, with the S&P 500 notching a new all-time high after investors got a fresh reading on inflation that was slightly softer than Wall Street expected. The Dow Jones Industrial Average rose 1%,

U.S. indices continue to push higher ahead of the FOMC decision, with the NASDAQ breaking out of its channel and the Dow approaching 48,000. Despite potential volatility around the Fed announcement, any short-term pullbacks are seen as buying opportunities within a firmly bullish trend.

The stock market keeps hitting highs as Nvidia surges toward a $5 trillion valuation. Microsoft, Google, Meta and the Fed loom.

U.S. stock market today surged to fresh record highs as strong earnings and rate-cut hopes fueled Wall Streets rally. The Dow Jones rose 1%, S&P 500 gained 0.8%, and Nasdaq jumped 1.1%. UPS spiked 7%,

At the time of this writing, the financial stock is up 20% year-to-date compared to 15% for the S&P 500 (SNPINDEX: \^GSPC) -- putting the Dow Jones Industrial Average (DJINDICES: \^