Kick Off, Data Deluge and Busy Earnings
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As investors brace for the busiest week of the U.S. earnings season, with four of the 'Magnificent Seven' tech giants reporting, debate is picking up again about these megacap firms' influence over U.
US stock futures rose on Monday following a US-EU tariff pact that eased fears of a trade war, ahead of a packed week featuring earnings from Big Tech heavyweights, a Federal Reserve meeting, inflation data,
US stock futures are trading higher on Monday as investors gear up for a crucial week packed with market-moving events. The Federal Reserve’s policy meeting, a fresh batch of corporate earnings, and the August 1 deadline set by President Donald Trump for trade negotiations are all on the radar.
Wall Street's reliance on a small number of high market-value stocks to keep momentum going for the U.S. equities bull market will be tested in coming days as major technology and growth companies report earnings.
US stocks closed mixed Tuesday, but the benchmark S&P 500 (^GSPC) was able to eke out a new record as Wall Street digested a new batch of earnings, including a tariff warning from General Motors (GM),
US stock market continued its winning streak as the S&P 500 and Nasdaq Composite reached new record highs, driven by strong corporate earnings, booming tech stocks, and growing hopes of a Federal Reserve rate cut.
With Wall Street's surge to record highs, the U.S. stock market looks nearly as expensive as ever, and investors are debating whether the lofty valuations are a bearish signal or justified by the technology-heavy market's profit outlook.
US Stock Market Highlights: S&P 500, Nasdaq close at fresh records following solid Alphabet earnings
The S&P 500 and Nasdaq Composite ended at record highs on Thursday (July 24), supported by stronger-than-expected earnings from Alphabet. The S&P 500 edged up 0.07% to close at 6,363.35, while the Nasdaq gained 0.
About 135 S&P 500 ( ^GSPC) companies, or 29% of the index's market cap, have reported earnings at the time of this writing. Sales and earnings have increased by a solid 6.5% and 7.2%, respectively. The average stock price has increased 1% post-results.