Nasdaq Notch Record High Closing, raised alphabet

(Reuters) -S & P 500 and Nasdaq recorded record records closed on Monday, and Alphabet and other Megacaps have abolished ahead of several earnings reports this week, while investors are betting on potential trade agreements to expire on economic damage from the global Trump administration tariffs.

The Google Boring Alphabet gathered 2.7% ahead of a three-month report on Wednesday. The Tesla, who also reported on Wednesday, start making money from the so -called “magnificent seven”, and their results can set up a ton with other heavyweight companies reported in the next few days.

Tesla fell 0.35%, while Apple acquired 0.62%and Amazon 1.43%, and raising S&P 500 and Nasdaq.

Verizon gathered over 4% after the telecommunication company increased its annual profit forecast.

Analysts, on average, expected the S&P 500 companies to apply for an increase in earnings of 6.7% in the second quarter, with BIG Tech led most of that profit, according to LSEG and/B/E/S.

“So far, companies that have reported generally encountered or defeated guidelines from the previous quarter, and we did not see any degradation in or in corporate profit or consumer consumption,” said Tom Hainlin, a national investment strategist in the management of Wealth Management in Minneapolis.

With the approaching of US President Donald Trump’s tariff, on August 1, S&P 500 has increased by about 8%, and investors will be betting that economic damage than tariffs will be less afraid of.

US Secretary of the Howard Lutnick Store said on Sunday that he was convinced that the United States could provide a trade agreement with the European Unic, even when EU members explored possible countermeasures against the United States.

Trump threatened 30% of tariffs from imports from Mexico and EU -ai sent letters to other commercial partners, including Canada, Japan and Brazil, setting tariffs ranging from 20% to 50%.

S&P 500 climbed to 0.14% to end the session at 6.305.60 points.

Nasdaq received 0.38% to 20,974.18 points, while the industrial average DOW Jones reduced 0.04% to 44,323.07 points.

Seven of the 11 S&P 500 indexes increased, guided by communication services, an increase of 1.9%, followed by 0.6% gain in discretion.

The volume on the US stock exchanges was relatively difficult and traded 19.7 billion shares, compared to an average of 17.7 billion shares during the previous 20 sessions.

The S&P 500 received about 7%in 2025, while Nasdaq climbed to almost 9%.

Investors focused on how tariff uncertainty would affect the US economy to carefully study information on the requirements for the unemployed and a report on July business activities expected on Thursday.

On Tuesday, they will also watch the speech of the Federal Reserve President of Jerome Powell because of the traces of when the Fed could reduce interest rates, especially after mixed signals of inflation last week.

Traders have largely excluded the reduction of the rate in July, and now they see more than 50% of the chances that the Fed will reduce at the September meeting, according to the Fedwatch tool of the CME group.

Declaining supplies, they surpassed the growing compared to the S&P 500 ratio of 1.7 to one.

S&P 500 has published 17 new highlights and 9 new lowest levels; Nasdaq recorded 97 new highlights and 56 new lowest.

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