“Dow and S&P 500 Climb for Fifth Day as Tech Giants Prepare to Report”
Wall Street posted a mixed close on Monday, with the Dow Jones Industrial Average (DJIA) and S&P 500 marking their fifth consecutive day of gains, while the Nasdaq Composite dipped slightly as investors prepared for a crucial week dominated by Big Tech earnings and key economic indicators.
🔹 Markets Bounce Back Despite Early Losses
The S&P 500 recovered from an earlier 1% slide to end marginally higher, while the Dow Jones climbed 0.28%, hitting its longest winning streak of 2025. In contrast, the Nasdaq Composite edged lower, pressured by early-session volatility in technology stocks, despite partial recoveries later in the day.
🔹 Investor Focus Turns to Tech Giants and Earnings Reports
This week, all eyes are on corporate earnings, with 180 S&P 500 companies set to release quarterly results. Notably, Apple (AAPL), Amazon (AMZN), Meta (META), and Microsoft (MSFT) are among the Big Tech firms reporting, alongside Chevron (CVX), Coca-Cola (KO), and Eli Lilly (LLY).
The outcome of these reports will play a significant role in shaping market sentiment, particularly amid broader concerns about the U.S. economy’s resilience and tariff-related pressures.
🔹 Trade Tensions and Tariffs Remain in Spotlight
Investors remain cautious amid ongoing trade tensions. President Donald Trump’s 145% tariffs on China continue to weigh on global trade outlooks. However, recent signs of possible de-escalation—such as China exempting some U.S. goods from duties—were viewed positively. Treasury Secretary Scott Bessent commented that future trade developments now largely hinge on China’s next moves.
🔹 Key Economic Data Releases on the Horizon
This week is packed with critical economic indicators. On Wednesday, the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, will be released. Analysts are watching closely to assess how tariffs are impacting core inflation and consumer spending.
Additionally, a preliminary reading of Q1 U.S. GDP is expected midweek, offering insight into the broader economic trajectory. Later in the week, attention will turn to the April jobs report, as the labor market has shown continued strength despite warning signs of a potential slowdown.
