The three major averages in the US kickstarted the week in the green with the S&P adding around 0.3%, Dow Jones adding 200 points and the Nasdaq swinging between small gains and losses, amid a confluence of earnings optimism, softer borrowing costs and manageable commodity prices provided support.
Anticipation of upside surprises from mega cap tech names—Microsoft, Apple and Amazon are widely expected to report strong top- and bottom-line beats alongside aggressive share-buyback and dividend plans—helped offset lingering trade-war jitters following conflicting U.S. and Chinese statements on tariffs.
At the same time, Fed speakers have also left the door ajar for a June rate cut if tariff pressures intensify, and recent retail and services data showed consumer spending holding up under elevated rates.
Source: Trading Economics
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