FX.co ★ S&P 500 and Nasdaq Rally to Records on Earnings

On Monday, U.S. stocks experienced an upward trajectory, with the S&P 500 and Nasdaq achieving new record highs. This positive momentum was driven by a robust start to the earnings season, which effectively overshadowed concerns regarding impending tariffs. The Dow Jones Industrial Average increased by over 200 points, buoyed by notable gains in leading tech companies like Meta, Amazon, and Alphabet. Thus far, more than 85% of the S&P 500 companies that have reported their financial results have exceeded expectations, bolstering market optimism despite high valuations. Verizon saw a share increase of over 4% following an earnings surprise, while Block surged more than 8% after being slated for inclusion in the S&P 500 index. Domino’s experienced a slight dip, despite exceeding sales forecasts thanks to new menu offerings. Concurrently, trade tensions remained a point of focus, with uncertainty surrounding ongoing U.S.-EU negotiation proceedings.