Wall Street Inches Up as Earnings and Fed Take the Spotlight
US stocks closed mostly higher on Monday, with the S&P 500 gaining 0.1% to hit record highs and the Nasdaq up 0.4%, while the Dow Jones hovered near flat. The rally came as early excitement over the US-EU trade deal—setting a new 15% tariff on European exports—began to fade.
Energy led sector gains, boosted by Exxon Mobil (+1.2%) and Chevron (+0.8%). Defense and LNG-related stocks also climbed, including Lockheed Martin (+1.5%) and GE Aerospace (+0.5%). However, materials stocks posted the biggest sector loss as investors rotated toward safer bets.
Focus now shifts to the busiest week of earnings season, with Microsoft, Apple, Amazon, and Meta set to report results. The Federal Reserve’s rate decision and key US economic data will also guide market direction in the days ahead.(ayu)
Source: Newsmaker.id