FX.co ★ US Stocks Advance to Start the Week

On Monday, U.S. stock markets experienced an upswing as the S&P 500 increased by 0.7%, the Nasdaq Composite rose by 0.8%, and the Dow Jones Industrial Average advanced by over 230 points. This momentum comes as investors prepare for an eventful week filled with corporate earnings announcements, including those from Tesla, and the long-anticipated Consumer Price Index (CPI) report scheduled for release on Friday. Optimism was further fueled by speculation that the government shutdown might soon conclude, following remarks by White House economic adviser Kevin Hassett on CNBC, suggesting a possible resolution this week. Additionally, anxiety over regional banks, which had triggered a sell-off the previous week, subsided due to strong financial results from several banking institutions. Investor sentiment was bolstered further when President Trump took steps to reduce trade tensions with China, prior to an upcoming round of U.S.–China trade discussions in Malaysia. According to a Wall Street Journal report, Trump also exempted numerous products from reciprocal tariffs. With the exception of consumer staples, all major sectors experienced gains, led by energy, financials, and industrials.