Wall Street Braces for Tech Earnings Amid Trade Talk Hopes
Wall Street anticipates strong tech earnings and potential trade agreements this week. Despite looming tariffs hinted by President Trump, investors remain optimistic about economic impacts. Major indices like the S&P 500 and Nasdaq are near all-time highs, with attention focused on tech giants' earnings reports and Federal Reserve insights.
Wall Street prepared for a positive start to the week on Monday as potential new trade deals and upcoming tech earnings buoyed investor sentiment. Major indices showed gains in pre-market trading, suggesting resilience despite impending tariffs set by President Donald Trump.
S&P 500 and Nasdaq E-minis made modest gains, while the Dow was close to record highs. Optimism was bolstered by comments from U.S. Commerce Secretary Howard Lutnick, who expressed confidence in negotiating a trade agreement with the European Union, although EU diplomats explored counter-measures.
Attention turns to earnings from giants like Alphabet and Tesla, which could influence market trends. Shares of tech companies saw increased pre-market trading activity, while Federal Reserve Chair Jerome Powell's upcoming statements are awaited for hints on interest rate policies. Traders currently estimate a September rate reduction.
(With inputs from agencies.)
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