US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones Industrial Average rose more than 200 points, driven by solid gains in leading tech stocks like MetaTrader, Amazon, and Alphabet.
So far, more than 85% of S&P 500 companies that have reported earnings have beaten expectations, fueling optimism despite rising market valuations. Verizon shares jumped more than 4% after its earnings beat expectations, while Block's surged more than 8% after news that the company would be added to the S&P 500.
Domino's weakened slightly, despite higher sales driven by new menu items that beat expectations. Meanwhile, trade tensions remain in focus, with uncertainty surrounding the ongoing negotiations between the US and the European Union. (alg)
Source: Trading Economics
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