Options Spy | Tech stocks hit previous highs, is Amazon next?
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Microsoft hit a record high on Tuesday, and shares of AMD, Broadcom and Intel rose about 2 percent ahead of the Chip Act funding. The S&P posted its seventh straight day of gains for the first time since November 2021.On the political and economic front, Federal Reserve officials spoke on Tuesday. Minneapolis Fed President Neel Kashkari said on Tuesday that policymakers had not yet won the battle against inflation and would consider tightening policy further if needed. Federal Reserve Bank of Chicago President Austan Goolsbee said officials did not want to "pre-empt" the rate decision.Fed Governor Sheila Bowman said she still believes the central bank needs to raise rates to contain inflation, but added that a spike in Treasury rates since September has led to tighter financial conditi