S&P 500 and Nasdaq Hit Record Highs; Fed Rate Hold Expected

The S&P 500 reached an all-time high of 7,165.08 (+0.80%) on April 24, with Nasdaq posting concurrent record highs. Among 87 S&P 500 companies reporting, 81% beat EPS estimates and 76% exceeded revenue guidance. The FOMC on April 29 is widely expected to hold rates at 3.50–3.75%, with four committee members opposing the hold—positioning this as the most dissenting votes since 1992.