Nasdaq, 500 and S&P
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S&P 500 posts first close above 6,300, Nasdaq hits a record ahead of big tech earnings: Live updates
U.S. stocks moved higher on Monday as optimism around earnings overshadowed any investor fears over the latest developments in trade.
The S&P 500 and the Nasdaq notched record high closes on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration's global tariffs.
It's been a few years since the Nasdaq Composite index (NASDAQINDEX: ^IXIC) last touched a new record. But that changed on the last day of February when the Nasdaq finally broke its 2021 record.
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Follow all the latest U.S. market action for Wednesday here to see if trade deal hopes can push markets to fresh record highs as big tech earnings kick off with Tesla and Alphabet results due after the close.
Note: The prior top four record outperformance by the Nasdaq-100 versus the Dow Jones Industrial Average (May-91; May-09; May-20; May-03) occurred during the early stages of new bull markets.