Fundamental Analysis

Stocks Edge Up As Busy Earnings Week To Test Rally: Markets Wrap

Wall Street traders bracing for a deluge of corporate earnings and key economic data sent stocks mildly higher on Monday as they waited for more insights on President Donald Trump’s trade war.

Following its longest advance since January, the S&P 500 edged up. Before the end of a volatile April, investors obsessed with every twist of global tariff developments will wade through a raft of results from heavyweights like Microsoft Corp. and Apple Inc.

From jobs to inflation, the pace of economic reports will be just as busy. Bonds fell and the dollar was little changed.

“We expect a choppy market in the intermediate term that could be range bound until clarity is achieved on what effect tariffs have on corporate earnings, which as of now remains very unclear,” said Brian Buetel at UBS Wealth Management.

Treasury Secretary Scott Bessent told CNBC that “all aspects” of the US government are in contact with China but that it’s up to Beijing to take the first step in de-escalating the tariff fight with the US due to the imbalance of trade between the two nations.

Among corporate highlights, International Business Machines Corp. plans to invest $150 billion in the US over the next five years, joining a cohort of companies that have announced spending commitments following Trump’s election and tariff threats. Alphabet Inc., parent company of Google, is offering about $4 billion of US high-grade corporate bonds on Monday, according to people with knowledge of the matter.

Some of the main moves in markets:

Stocks

  • The S&P 500 was little changed as of 9:30 a.m. New York time
  • The Nasdaq 100 was little changed
  • The Dow Jones Industrial Average rose 0.2%
  • The Stoxx Europe 600 rose 0.7%
  • The MSCI World Index rose 0.3%
  • Bloomberg Magnificent 7 Total Return Index rose 0.3%
  • The Russell 2000 Index rose 0.1%

Currencies

  • The Bloomberg Dollar Spot Index was little changed
  • The euro was little changed at $1.1357
  • The British pound rose 0.3% to $1.3358
  • The Japanese yen rose 0.3% to 143.28 per dollar

Cryptocurrencies

  • Bitcoin rose 0.9% to $95,142.5
  • Ether fell 0.2% to $1,800.18

Bonds

  • The yield on 10-year Treasuries advanced four basis points to 4.28%
  • Germany’s 10-year yield advanced four basis points to 2.51%
  • Britain’s 10-year yield advanced three basis points to 4.51%

Commodities

  • West Texas Intermediate crude rose 0.2% to $63.14 a barrel
  • Spot gold fell 0.6% to $3,300.04 an ounce

Source

Arvinth Akash

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