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U.S. Stocks Tread Water as Earnings Season Looms
U.S. stocks showed little movement on Monday. Investors are waiting for a flood of earnings reports and economic data.The S&P 500 and Nasdaq were nearly flat. The Dow Jones Industrial Average rose slightly, up 0.28%.
Big tech stocks faced some volatility. Amazon, Apple, Meta, and Microsoft saw their shares fluctuate. apple and Meta ended up 1% and 0.8%, respectively. microsoft inched up 0.2%, but Amazon dipped 0.3%. These tech giants are gearing up for their quarterly results.
Most companies have beaten earnings expectations so far. Yet, 73% of firms surpassed forecasts, according to FactSet. This is a bit lower than the usual 77% over the past five years. Analysts are adjusting their forecasts downward due to economic worries.Tariffs are a concern. They could hit profits.
Trade tensions remain a key focus. Treasury Secretary Scott bessent spoke on CNBC.He said China must take steps to ease tensions.
Meanwhile,the tech sector is facing new challenges. Huawei is reportedly testing a chip that could rival Nvidia’s. This news has put pressure on Nvidia’s stock. Investors will closely watch how this develops.
the market’s direction will depend on earnings, trade talks, and economic indicators. Investors should stay tuned for updates.
