Stock market today: Nasdaq tops 20,000 for first time as Big Tech surges, Tesla hits first record in 3 years

With the Federal Reserve likely to cut interest rates, there is potential for further gains in tech stocks, particularly those seen in the 'Magnificent Seven'. Investors should consider this as a time of growth for companies that typically thrive in lower rate environments, like Alphabet and Tesla.

As the market anticipates continued growth in the tech sector and a favorable interest rate environment, Amazon and Meta also appear set to rise. Their increasing market valuations reflect investor confidence as they adapt to potential changes spurred by the Fed's decisions.

Given the recent recovery of Bitcoin following positive sentiment from inflation data, there could be opportunities in cryptocurrency investments, particularly in firms heavily invested in Bitcoin, such as MicroStrategy, which continues to buy Bitcoin and may see stock price appreciation alongside the cryptocurrency market's growth.