Stocks Surge as Magnificent Seven Lead the Way

Stocks are up, with the S&P 500, Dow Jones, and Nasdaq all showing gains. Tech stocks like the Magnificent Seven are leading the way. President Trump announced new tariffs and trade deals, impacting markets. Bond yields are slightly lower. Earnings season begins this week, with modest growth expected. Overseas markets are mixed.

President Trump’s tariff plans and trade deals are weighing on stocks. Mortgage applications and wholesale trade sales data show mixed results. China’s PPI falls, while CPI rises slightly. Earnings season kicks off with modest growth projections. Fed minutes and jobless claims are key events this week. Federal funds futures hint at a minimal rate cut.

Interest rates are stable, with T-notes seeing some gains. European bond yields are lower. ECB is unlikely to cut rates soon. US stock movers include tech giants and mining companies. AES Corp explores sale, boosting stock. Bloom Energy and Boeing rise. Some stocks like Hershey and UnitedHealth face losses. Merck announces a major biotech acquisition.

Various companies experience stock movements, with AES Corp and Bloom Energy leading gains. Hershey and UnitedHealth face losses. Merck makes a major acquisition. Earnings reports are expected from several companies. Market events to watch include Fed minutes, jobless claims, and ongoing trade news. Overseas markets show mixed trends.

Read more at Nasdaq: Stocks Climb on Strength in the Magnificent Seven Stocks