The S&P 500 and Nasdaq hit record highs on Monday, with Alphabet leading the charge ahead of key earnings reports. Analysts expect a 6.7% increase in S&P 500 earnings for Q2, driven by Big Tech. Verizon’s increased annual profit forecast boosted market sentiment.

Investors remain optimistic despite looming tariffs, up 8% YTD. U.S. Commerce Secretary Lutnick expresses confidence in securing trade deals, despite threats of tariffs on Mexico, EU, and other countries by Trump. Market indices show mixed results, with S&P 500 up and Dow Jones down.

Traders are closely watching jobless claims and business activity reports to gauge tariff impact on the economy. Federal Reserve Chair Powell’s upcoming speech may provide insight on potential interest rate cuts, with CME Group’s FedWatch tool predicting a greater than 50% chance of a cut by September.

Stocks were mixed, with more declines than rises within the S&P 500. The market saw new highs and lows, reflecting volatility. Volume on U.S. exchanges was heavy, indicating active trading. Despite uncertainties, market performance remains positive, driven by strong earnings and investor optimism.

Read more at Yahoo Finance: S&P 500 and Nasdaq notch record high closes, lifted by Alphabet