Wall Street Rally: Stocks Soar Amid Trade Talks and Earnings Season

Wall Street experienced significant gains on Monday as investors welcomed the initiation of corporate earnings season and ongoing trade negotiations. Major U.S. stock indexes advanced in stark contrast to declining European markets.

The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all posted gains, buoyed by strong performances in communication services and tech sectors. Notably, Alphabet and Tesla, both part of the 'Magnificent Seven' AI-linked megacap stocks, are among those anticipated to report earnings.

The atmosphere on the trading floor reflected optimism despite looming tariff deadlines imposed by the U.S. government and political concerns over the Federal Reserve's independence. The dollar weakened against the yen, while gold prices and U.S. Treasuries rallied amid global economic uncertainty.

(With inputs from agencies.)