FX.co ★ US Stocks Mostly Higher

On Monday, the S&P 500 rose modestly by 0.1% to achieve record levels, while the Nasdaq increased by 0.4%, and the Dow Jones experienced fluctuations around the flatline. Initially, there was positive sentiment regarding the trade agreement between the United States and the European Union. However, this optimism started to diminish. Under the new accord, EU exports to the US will incur a 15% tariff, a reduction from the initially proposed 30% rate by President Trump. Today, US and Chinese officials are slated to meet, with expectations high for an extension of the current trade truce. The energy sector led the market gains, notably with Exxon Mobil rising by 1.2% and Chevron by 0.8%. Defense and LNG stocks also performed well, highlighted by increases in Lockheed Martin (1.5%) and GE Aerospace (0.5%). Conversely, the materials sector recorded the largest decline. As the earnings season progresses, investors are preparing for a significant week, with key financial reports expected from Microsoft, Apple, Amazon, and Meta. Additionally, attention will be on the Federal Reserve’s monetary policy decision and the release of crucial economic data.