The S&P 500, Dow Jones, and Nasdaq are all up today, boosted by strong US durable goods orders. However, President Trump’s threat of 100% tariffs on Canadian imports, potential government shutdown, and other uncertainties are causing some concerns. The dollar is down amid speculation of intervention, pushing precious metals to record highs.

US Nov durable goods orders surpassed expectations, with a +5.3% increase. Earnings season is positive so far, with 78% of S&P 500 companies beating expectations. The FOMC meeting this week is not expected to result in a rate cut. Overseas markets are mixed, with European bond yields lower.

Mining stocks are up due to record highs in precious metals. Several companies, including Anglogold Ashanti and Hecla, have seen significant gains. CoreWeave and USA Rare Earth Inc are also up on positive news. Cisco and Cognizant Technology are among the top gainers in US stock movers. Revolution Medicines is down after acquisition talks ended.

Earnings reports for today include AGNC Investment Corp, Nucor Corp, and Western Alliance Bancorp. The author of this article does not hold positions in any mentioned securities.

Read more at Nasdaq: Stocks See Support Ahead of Heavy Earnings Week and FOMC Meeting