S&P 500 and Nasdaq Hit New Records on Earnings
US stocks advanced on Monday, with the S&P 500 and Nasdaq hitting fresh record highs as a strong start to earnings season overshadowed concerns about looming tariffs.
The Dow added more than 200 points, lifted by solid gains in tech heavyweights such as Meta, Amazon, and Alphabet.
So far, over 85% of S&P 500 companies that have reported results have topped expectations, fueling optimism despite elevated market valuations. Verizon shares jumped more than 4% following an earnings beat, while Block surged over 8% after news it will be added to the S&P 500.
Domino’s slipped slightly, even as stronger sales driven by new menu items beat forecasts. Meanwhile, trade tensions remained in focus, with uncertainty surrounding ongoing negotiations between the US and the EU.
Source: Trading Economics