Tech Stocks Drive Market After Minutes of Federal Reserve’s Meeting

The stock market closed higher on Wednesday as investors digested the minutes of the Federal Reserve’s most recent policy meeting. This revealed that officials were divided on the direction of the interest rates.

Overall, S&P 500 rose 0.6% to 6,881, while NASDAQ increased 0.8% to 22,754.

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Here is the one-year chart of Amphenol (APH) as of February 3, 2026, when the stock was at $147.

Connector manufacturer Amphenol is seeing exceptional organic growth in the IT datacom market. This 100 year old company had 49% year-over-year sales growth last qtr as profits surged 76%. APH’s largest division is Communications Solutions, which makes cables and connectors, and saw sales growth of 78% last quarter. With datacenter buildouts running strong, Amphenol is looking good for 2026.

Amphenol is in a sweet spot right now. This stock is part of the Conservative Growth Portfolio, Growth Portfolio, and Aggressive Growth Portfolio. Robotics are the next frontier.

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