Stock market today: S&P 500, Nasdaq hold steady amid signs of more inflation cooldown

The recent rally in tech stocks suggests that there may be continued positive momentum in the short term, particularly with Federal Reserve rate cut expectations. Given the strong performance of Nvidia, it may experience further gains as investors continue to flock to tech.

Moderna's sharp decline, coupled with its lowered revenue outlook for 2025, indicates potential continued bearish sentiment for the biotech sector, particularly for companies reliant on rapidly changing vaccine markets.

GM's and Hyundai's collaboration signals a strategic partnership aimed at innovation in the automotive sector, potentially benefiting both parties in the long term. This kind of joint venture could lead to positive stock movements as electric and hydrogen developments gain momentum.