The tech-heavy Nasdaq (^IXIC) hit a fresh high intraday as investors await major earnings from “Magnificent Seven” players. US consumer sentiment reached a six-month high in October, according to the University of Michigan. This comes after the Federal Reserve’s 50-basis-point interest rate cut provided much-needed relief to Americans under pressure from high financing costs.

Shares of Capri Holdings (CPRI), the parent company of Michael Kors and Jimmy Choo, are down nearly 50% after a US judge blocked its pending $8.5 billion merger with Coach owner Tapestry (TPR).

Other trending tickers on Yahoo Finance include Palantir (PLTR), Nvidia (NVDA), and Intel (INTC).

Key guests include:
3:00 p.m. ET - Zachary Hill, Horizon Investments Head of Portfolio Strategy
4:00 p.m. ET - Linda Duessel, Federated Hermes Senior Equity Strategist
4:15 p.m. ET - Talal Debs, XMC Strategies Founder & Managing Partner