Happy Monday. After surging on quality earnings and a softer-than-expected inflation report on Friday, the S&P 500 and Nasdaq Composite leaped to all-time highs. They're adding to those gains today, as the busiest week of earnings tees off and President Donald Trump lands in South Korea for the Asia-Pacific Economic Cooperation.
In investors' eyes, that's two green checks. Today, the Nasdaq (+1.62%) and S&P 500 (+0.95%) have set fresh intraday records on optimism around a China-U.S. trade deal, which seems closer than ever after negotiators put together a "framework" for the superpowers' talks. And aside from drama with Canada, Mexican President Sheinbaum also reports that the trade deadline imposed on the country has been extended.
Monday Reading:.
Aside from the two indexes' strides, the Dow (+0.52%) and Russell 2000 (+0.40%) aren't doing half bad this afternoon, either. But for the four to stay the course on their year gains, more than 1,000 firms reporting this week will have to show up with positive results. Among them will be companies like Apple, Amazon, Meta, Microsoft, Alphabet, and many others.
Today after the bell, Welltower, Cadence Design, and Waste Management will report.
TurboTax Via TheStreet
-- Noah Weidner, Markets Reporter
