U.S. stock markets started the week on a high note as the S&P 500 and Nasdaq both closed at record levels on Monday, boosted by renewed investor confidence in corporate earnings.
The S&P 500 climbed 0.4% to close at 6,305.59, while the Nasdaq rose 0.5% to 23,180.05, continuing a multi-week rally fueled by tech and semiconductor stocks. Traders are optimistic that a strong Q2 earnings season could push the indexes even higher.
Big tech led the charge, with Apple, Nvidia, and Meta all posting modest gains ahead of their upcoming earnings reports. Energy stocks also advanced, thanks to stabilizing oil prices.
“Markets are pricing in a ‘soft landing’ narrative again,” said Danielle Rogers, chief investment strategist at Evermark Capital. “Inflation appears under control, interest rates are steady, and consumers are still spending.”
While the Dow Jones Industrial Average dipped slightly by 0.04%, Monday’s action confirmed growing momentum in risk-on assets. Analysts caution, however, that volatility could return if earnings disappoint or macro data surprises investors.
For now, Wall Street is enjoying a rare moment of calm and optimism, with investors betting that America’s biggest companies will deliver.
