U.S. stocks moved higher on Monday as investors tracked the latest developments in trade and awaited the start of big tech earnings this week.
The S&P 500 rose 0.4%, and the Nasdaq Composite jumped 0.7%. Both indexes had hit new all-time intraday highs during the session. The Dow Jones Industrial Average, meanwhile, ticked up by 98 points, or 0.2%.
The market was bolstered by moves in major technology names. Alphabet increased more than 2%, while Apple rose almost 2%. Others like Meta Platforms advanced more than 1%.
Trade was once again in focus as the White House reiterated its position on tariffs. On Sunday, U.S. Commerce Secretary Howard Lutnick called Aug. 1 the "hard deadline" for countries to start paying tariffs, though he also added that "nothing stops countries from talking to us after Aug. 1."
Wall Street is coming off a winning week for the S&P 500 and Nasdaq, both of which continued to notch all-time highs. The S&P 500 ended the week higher by 0.6%, while the Nasdaq climbed 1.5%. The Dow ended the week slightly lower.
Source : CNBC
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