Market Highlights

Disappointment the Federal Reserve steered clear of signaling imminent rate cuts unnerved bond traders, sending 10-year yields to the biggest runup in two weeks. Smaller declines in stocks were quickly reversed in late hours as Microsoft Corp. and Meta Platforms Inc. reported solid earnings. An initially calm investor reaction was broken when Fed Chair Jerome Powell said no decision has been made about easing policy in September. The US labor market “looks solid,” he said, while inflation remains above target. Stocks looked set to rise in the US and Europe as upbeat earnings from megacap technology companies bolstered optimism over resilient corporate profits. The dollar gave up some gains made after the Federal Reserve held benchmark interest rates.

Wall Street traders sent stocks lower in the run-up to the Federal Reserve decision, with concerns about high valuations overshadowing hopes for an extension of a tariff truce between the world’s two largest economies. Bonds climbed alongside the dollar. The S&P 500 snapped a six-day winning streak. A rally in Treasuries gained steam after a solid $44 billion sale. Longer-dated bonds led gains, with 30-year yields down 10 basis points ahead of the US announcement on the size of future debt auctions. Oil jumped as President Donald Trump reiterated the US may impose additional levies on Russia unless it reached a truce with Ukraine. Asian equities edged higher as the extension of the US-China tariff truce offered some relief to investors by averting any immediate escalation.

Wall Street traders left stocks at all-time highs while the dollar climbed the most since May, with a tariff deal between President Donald Trump and the European Union bolstering hopes for an extension of a China trade truce. Treasuries edged lower. The start of a week that will set the tone for the rest of the year in markets saw a dollar gauge up nearly 1%. The euro slid the most in over two months. The S&P 500 briefly topped 6,400 to close little changed. Treasuries barely budged amid mixed results from US debt sales. Oil rose as Trump said he’d shorten his timeline for Russia to reach a truce with Ukraine.

Wall Street ended the week on a positive note, with stocks hitting fresh all-time highs amid solid earnings and hopes for US trade deals. After an uneventful meeting between Donald Trump and Jerome Powell, the Treasury market barely budged. The dollar climbed. In the run-up to the busiest week for corporate results, the S&P 500 rose for a fifth straight day, approaching 6,400. While the rally has stoked concerns about inflated prices amid a rush to risky corners and a revival of the meme-stock mania, it’s been hard to bet against the bullish trend. A closely watched gauge of equity volatility - the VIX - closed below 15. European stocks and US equity futures climbed after the European Union reached a trade deal with President Donald Trump, further easing fears of a damaging trade war.

Stocks closed at all-time highs as Alphabet Inc.’s results showed solid demand for artificial intelligence, bolstering confidence in the technology that has powered the bull market. Signs of jobs strength ahead of next week’s Federal Reserve decision lifted Treasury yields. Following a 28% surge from its April lows, the S&P 500 eked out a gain while notching its 10th record in 19 trading days. Google’s parent AI optimism fueled a rally in companies like Nvidia Corp., which hit a fresh peak. Tesla Inc. sank 8.2% as Elon Musk warned of difficult times ahead. In late hours, Intel Corp. gave an upbeat sales forecast as personal-computer demand picked up A seven-day global stock rally lost steam in Asia, as uncertainty over the Federal Reserve’s rate- cut trajectory sapped investor appetite for risk

A record-breaking run in stocks gained fuel as the US reached a trade agreement with Japan while speculation grew about a similar deal with the European Union. Treasuries halted a five-day rally and the dollar fell as demand for haven assets waned. The S&P 500 hit all-time highs on news reports the EU and the US are progressing toward an agreement that would set a 15% tariff for most products. In late hours, Alphabet Inc. reported better-than-expected revenue, but said capital expenditures will be higher than previously forecast. Tesla Inc.’s earnings fell short of Wall Street’s estimates. Global equities continued their rally as bulls drew fresh conviction from signs the US may strike more trade deals soon after clinching a pact with Japan

Wall Street traders gearing up for the start of the high-stakes megacap earnings season kept stocks at all-time highs, with investors also parsing the latest tariff developments. Bond yields and the dollar fell. While the S&P 500 barely budged, more than 400 of its shares rose. A gauge of the “Magnificent Seven” giants halted a nine-day advance, but Tesla Inc. and Alphabet Inc. climbed before their results. D.R. Horton Inc. led a rally in homebuilders. Kohl’s Corp. surged as much as 105% — before paring gains to 38% — in a move reminiscent of the meme era. In late hours, Texas Instruments Inc. gave a disappointing forecast. The record-breaking run in global stocks got fresh fuel after the US reached a trade deal with Japan, easing concern about the tariff war as traders turn their attention to earnings from US tech giants

The start of a busy week for corporate earnings sent stocks toward a fresh record, with traders looking for signs of resilience amid tariff risks. Treasury yields and the dollar fell. The yen climbed as Japan’s Prime Minister Shigeru Ishiba said he would carry on after an election setback. In the absence of relevant economic data, Wall Street will remain squarely focused on a slate of company outlooks. The S&P 500 topped 6,300. Two members of the “Magnificent Seven” megacaps — Tesla Inc. and Google parent Alphabet Inc. — are due to report results this week. European stocks dipped and US equity futures drifted as investors await earnings from megacap tech companies this week for clues on how corporations are withstanding tariffs.

Bond yields fell as Federal Reserve Governor Christopher Waller reiterated his case for a July rate cut, while data showed consumer expectations for inflation improved. Stocks wavered amid earnings. President Donald Trump signed the stablecoins bill in a win for the crypto industry. Short-dated Treasuries led gains as Waller hinted he would dissent if his colleagues vote to hold rates steady in July. Bonds also rose as University of Michigan data showed consumers expect prices to increase at an annual rate of 4.4% over the next year, down from 5% in the prior month. The S&P 500 was little changed. The dollar edged lower, but notched an advance for the week. The yen recouped some of last week’s losses as Japan’s Prime Minister vowed to stay in power even after suffering a defeat in the weekend’s upper-house election

Signs that the world’s largest economy is holding up lifted stocks a day after speculation about the fate of Federal Reserve Chair Jerome Powell rattled markets. The dollar climbed. Short-dated bonds fell. The crypto industry got a major win after Congress passed the stablecoin bill. Economically sensitive shares outperformed after solid retail sales and a drop in jobless claims, with the S&P 500 briefly topping 6,300 and closing at an all-time high. The Russell 2000 gauge of small firmsrose 1.2%. US and European equity-index futures advanced, indicating a record-extending global stock rally may have further to run as strong economic data eased concerns about the health of the US economy.