Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Investing.com - S&P 500 jumped Monday, closing above 6,300 for the first time as investors prepared for a string of key second-quarter earnings in the coming days, with some of Wall Street’s biggest firms set to report.
At 4:00fr p.m. ET, the benchmark S&P 500 rose 0.2% to closing at 6,308.46. The tech-heavy Nasdaq Composite had increased 0.4%, and the 30-stock Dow Jones Industrial Average had fell19 points, or 0.04%.
Equities stalled near record highs on Friday as reports said President Donald Trump was pushing for a minimum 15% to 20% tariff on the European Union. Trump’s tariffs are set to take effect from August 1.
Tesla, Alphabet to headline earnings this week
Tech titans Alphabet (NASDAQ:GOOGL) and Tesla (NASDAQ:TSLA) are set to highlight a large slate of earnings this week.
The two, who will report on Wednesday, are part of the so-called "Magnificent Seven" group of mega-cap tech stocks and are likely to provide trading cues for the broader market.
A host of strong bank earnings helped keep investor spirits high last week, even as several major lenders warned of heightened economic uncertainty because of Trump’s trade tariffs. Much of the focus will now center around the impact of the levies on the operating outlook for the year.
Key results on Monday came from telecoms group Verizon Communications (NYSE:VZ), which lifted the lower end of its annual earnings per share growth range thanks to solid demand for its higher-tier wireless plans.
Meanwhile, Domino’s Pizza (NASDAQ:DPZ) reported second-quarter earnings that missed analyst expectations, but sales during the period still topped projections, bolstering shares in the world’s biggest pizza chain.
(Ambar Warrick and Scott Kanowsky contributed reporting.)