U.S. stock markets showed minimal changes at the start of the week, with investors awaiting key economic data and major company reports.
Overview of Stock Indices
The S&P 500 and Nasdaq Composite hovered near the flatline, while the Dow Jones Industrial Average gained 114 points, or 0.28%.
Company Reports and Their Impact
Shares of major tech firms such as Amazon, Apple, Meta Platforms, and Microsoft briefly slipped. However, Apple and Meta later recovered, rising 1% and 0.8% respectively. Microsoft edged up 0.2%, while Amazon declined 0.3%. According to FactSet, 73% of companies reported quarterly results beating analysts' expectations, although this figure is slightly below the five-year average of 77%.
Trade Talks Between the U.S. and China
Treasury Secretary Scott Bessent noted that it is up to Beijing to de-escalate trade tensions. He also highlighted progress on other trade fronts, particularly with India. "They sell five times more to us than we sell to them, and so these 120% and 145% tariffs are unsustainable," Bessent said.
Investors remain attentive to earnings, trade negotiations, and economic data throughout the week to gauge the broader market outlook.
