Stock indexes are up today, with the S&P 500 (+1.22%), Dow Jones Industrials (+1.10%), and Nasdaq 100 (+1.48%) all in the green. The Fed may cut rates in September after weak economic reports last Friday. Earnings season shows S&P 500 profits rising +4.5% for Q2. Overseas markets are mixed.

US factory orders fell -4.8% in June, but rose +0.4% ex-transportation. President Trump raised tariffs on some Canadian goods. Markets focus on earnings and trade news this week. Federal funds futures predict a 90% chance of a rate cut in September. European government bond yields are lower.

Tech stocks like Alphabet and Apple are up more than +2%. Chip makers like AMD and Marvell Technology are also in positive territory. Steelcase is up over +59% after being acquired. Idexx Labs leads gainers after strong Q2 results. Wayfair, Spotify, Martin Marietta Materials, and Tyson Foods are also making gains.

ON Semiconductor is down -10% after weak Q3 forecast. Bruker Corp and LyondellBasell Industries NV are in the red. Berkshire Hathaway and Waters are also down. Earnings reports today include IDEXX Labs, Tyson Foods, Waters Corp, and more. Berkshire Hathaway reported a -3.8% decline in Q2 earnings.

Read more at Nasdaq: Stocks Climb on Strength in Magnificent Seven Stocks and Chip Makers