S&P 500 Extends Streak Ahead of Tech Earnings, Trade Talks
Summary
The S&P 500 extended its winning streak amid cautious optimism, as investors awaited pivotal tech earnings and economic data while seeking clarity on potential US-China trade deals amidst tariff uncertainty.
Key Points
- The S&P 500 eked out a modest gain to extend its winning streak to 5 days as investors braced for a big week of tech earnings and economic data.
- Treasury Secretary Scott Bessent offered little clarity on potential trade deals with China, putting pressure on Beijing to de-escalate tensions.
- Earnings results have been somewhat strong so far, but Wall Street is lowering expectations for Q2 and beyond due to tariff uncertainty.