Stock market today: Dow, S&P 500, Nasdaq inch higher to start busy week of Big Tech-dominated earnings
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Stock market today: Dow, S&P 500, Nasdaq jump to start busy week of Big Tech-dominated earnings
US stocks rose on Monday, with fresh records for the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) in sight. Wall Street began a busy week of Big Tech-highlighted earnings and eyed the continued risks around President Trump’s tariffs. Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday. Strong results could validate stretched valuations as the market’s focus on AI growth is once again attracting comparisons to historic tech bubbles.
The tech-heavy Nasdaq gained about 0.6% following last week’s record-setting rally in growth names. The S&P 500 rose 0.5%, while the Dow Jones Industrial Average (^DJI) also climbed around 0.5%.
This week sees investor focus dominated by two topics: Clarity on US trade policy as the implementation of tariffs looms, and earnings from tech heavyweights as Wall Street eyes record-high market valuations.
Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday — the first of the “Magnificent Seven” to report for the second quarter. Strong results could validate stretched valuations as the market’s focus on AI growth is once again attracting comparisons to historic tech bubbles.
On the trade front, the EU is said to be stepping up the scope of its retaliation if it fails to strike a trade pact with the US. The bloc is open to an unbalanced deal to break a talks deadlock before the Aug. 1 implementation of Trump’s tariffs, per Bloomberg. But Trump’s increasingly hardline stance and EU member opposition to concessions are denting hopes for an agreement.
Read more: The latest on Trump’s tariffs
Over the weekend, Commerce Secretary Howard Lutnick reaffirmed the White House’s August deadline for new tariffs, calling it a “hard stop” for compliance — before saying that he’s looking at continued conversation beyond that date.
Meanwhile, solid quarterly earnings results from Cleveland-Cliffs (CLF) and Verizon Communications (VZ) lifted those stocks. Cleveland-Cliffs’ second quarter financial report beat Wall Street’s projections as the steel producer got a boost from Trump’s tariffs. Also on Monday, Domino’s Pizza (DPZ) reported sales ahead of expectations as new products drew buyers, helping offset the impact of tariff uncertainty.
Read more: Full earnings coverage in our live blog
Of the 59 S&P 500 companies that have already released results, 86% have outpaced Wall Street consensus estimates. That is a historically strong beat rate, albeit off modest expectations.
LIVE
14 updates
Stock market today: Dow, S&P 500, Nasdaq jump to start busy week of Big Tech-dominated earnings
US stocks rose on Monday, with fresh records for the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) in sight. Wall Street began a busy week of Big Tech-highlighted earnings and eyed the continued risks around President Trump’s tariffs. Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday. Strong results could validate stretched valuations as the market’s focus on AI growth is once again attracting comparisons to historic tech bubbles.
The tech-heavy Nasdaq gained about 0.6% following last week’s record-setting rally in growth names. The S&P 500 rose 0.5%, while the Dow Jones Industrial Average (^DJI) also climbed around 0.5%.
This week sees investor focus dominated by two topics: Clarity on US trade policy as the implementation of tariffs looms, and earnings from tech heavyweights as Wall Street eyes record-high market valuations.
Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday — the first of the “Magnificent Seven” to report for the second quarter. Strong results could validate stretched valuations as the market’s focus on AI growth is once again attracting comparisons to historic tech bubbles.
On the trade front, the EU is said to be stepping up the scope of its retaliation if it fails to strike a trade pact with the US. The bloc is open to an unbalanced deal to break a talks deadlock before the Aug. 1 implementation of Trump’s tariffs, per Bloomberg. But Trump’s increasingly hardline stance and EU member opposition to concessions are denting hopes for an agreement.
Read more: The latest on Trump’s tariffs
Over the weekend, Commerce Secretary Howard Lutnick reaffirmed the White House’s August deadline for new tariffs, calling it a “hard stop” for compliance — before saying that he’s looking at continued conversation beyond that date.
Meanwhile, solid quarterly earnings results from Cleveland-Cliffs (CLF) and Verizon Communications (VZ) lifted those stocks. Cleveland-Cliffs’ second quarter financial report beat Wall Street’s projections as the steel producer got a boost from Trump’s tariffs. Also on Monday, Domino’s Pizza (DPZ) reported sales ahead of expectations as new products drew buyers, helping offset the impact of tariff uncertainty.
Read more: Full earnings coverage in our live blog
Of the 59 S&P 500 companies that have already released results, 86% have outpaced Wall Street consensus estimates. That is a historically strong beat rate, albeit off modest expectations.
LIVE
14 updates
Stock market today: Dow, S&P 500, Nasdaq jump to start busy week of Big Tech-dominated earnings
US stocks rose on Monday, with fresh records for the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) in sight. Wall Street began a busy week of Big Tech-highlighted earnings and eyed the continued risks around President Trump’s tariffs. Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday. Strong results could validate stretched valuations as the market’s focus on AI growth is once again attracting comparisons to historic tech bubbles.
The tech-heavy Nasdaq gained about 0.6% following last week’s record-setting rally in growth names. The S&P 500 rose 0.5%, while the Dow Jones Industrial Average (^DJI) also climbed around 0.5%.
This week sees investor focus dominated by two topics: Clarity on US trade policy as the implementation of tariffs looms, and earnings from tech heavyweights as Wall Street eyes record-high market valuations.
Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday — the first of the “Magnificent Seven” to report for the second quarter. Strong results could validate stretched valuations as the market’s focus on AI growth is once again attracting comparisons to historic tech bubbles.
On the trade front, the EU is said to be stepping up the scope of its retaliation if it fails to strike a trade pact with the US. The bloc is open to an unbalanced deal to break a talks deadlock before the Aug. 1 implementation of Trump’s tariffs, per Bloomberg. But Trump’s increasingly hardline stance and EU member opposition to concessions are denting hopes for an agreement.
Read more: The latest on Trump’s tariffs
Over the weekend, Commerce Secretary Howard Lutnick reaffirmed the White House’s August deadline for new tariffs, calling it a “hard stop” for compliance — before saying that he’s looking at continued conversation beyond that date.
Meanwhile, solid quarterly earnings results from Cleveland-Cliffs (CLF) and Verizon Communications (VZ) lifted those stocks. Cleveland-Cliffs’ second quarter financial report beat Wall Street’s projections as the steel producer got a boost from Trump’s tariffs. Also on Monday, Domino’s Pizza (DPZ) reported sales ahead of expectations as new products drew buyers, helping offset the impact of tariff uncertainty.
Read more: Full earnings coverage in our live blog
Of the 59 S&P 500 companies that have already released results, 86% have outpaced Wall Street consensus estimates. That is a historically strong beat rate, albeit off modest expectations.
LIVE
14 updates