Wall Street Optimism Surges Amid Trade Talks and Tech Earnings

The S&P 500 and Nasdaq achieved record highs on Monday as investor enthusiasm grew around potential trade breakthroughs and upcoming tech earnings reports. At 09:44 a.m., the S&P 500 was up 0.29% to 6,315.13, while the Nasdaq Composite also rose significantly.

Hopes for trade resolution were slightly tempered as European Union diplomats prepared counter-measures against U.S. tariffs. Despite President Trump's tariff threats, major stock indices remained resilient, with the Dow Jones just shy of its all-time high.

This week's tech earnings, featuring giants like Alphabet and Tesla, are expected to shape Wall Street's mood moving forward. Meanwhile, investors are keenly waiting for Federal Reserve Chair Jerome Powell's insights amid mixed inflation signals, while the odds for a rate cut seem more likely in September.

(With inputs from agencies.)