Tech rally sees SPX close at record highs on Columbus Day while Dollar outperforms – Newsquawk US Market Wrap

Fed’s Kashkari says more modest cuts appear appropriate, Waller keeps his options open; Soft China Inflation and Trade data; Disappointing China MoF fiscal update; Caixin reports China could issue CNY 6tln of bonds; OPEC MOMR lowers global oil demand growth outlook for 2024 and 2025; Israel says it will carry out a “strong response” to Iran, and prepares for a large-scale attack in Lebanon, while Iran would consider round closed if Israeli response is limited; NVDA rallies on positive sell-side commentary.