Market Highlights

A renewed wave of dip buying lifted stocks, with traders sifting through solid earnings amid bets the Federal Reserve will soon cut rates. Bonds saw small moves ahead of a heavy slate of US debt sales. The rebound in risk appetite drove the S&P 500 up 1.5%, its biggest rally since May. Almost every major group in the US equity benchmark advanced, and about 85% of its companies closed higher. Tech megacaps, which bore the brunt of the recent selling, led gains on Monday. Nvidia Corp. and Meta Platforms Inc. climbed at least 3.5%. The Russell 2000 index of small firmsadded 2.1%. Asian stocks advanced as a wave of dip buying combined with growing bets on potential interest-rate cuts.

Wall Street traders drove stocks toward their worst session since May as weak jobs and manufacturing data bolstered concerns about the economy, a day after President Donald Trump unveiled sweeping tariffs. Bond yields sank on bets the Federal Reserve will cut rates soon. The S&P 500 fell 1.5%, with Amazon.com Inc. leading losses in megacaps on an underwhelming profit outlook. Short-term yields headed toward their biggest plunge since August 2024, with those on two-year notes sinking 22 basis points to 3.74%. Money markets fully priced in two rate cuts in 2025, with an 80% chance of a reduction in September. The dollar sank.

Stocks wiped out gains after data showed weakening US services amid sticky price pressures, raising concern about the Federal Reserve’s policy challenges. Short-dated Treasuries underperformed. Oil sank as Russia was said to mull an air-truce with Ukraine. Following a rally that put S&P 500 on the brink of all-time highs, the equity benchmark lost steam. A closely watched gauge of chipmakers slid more than 1%. A soft $58 billion sale of three-year notes kicked off a trio of US auctions this week. The yield on 10-year Treasuries was little changed at 4.20%, while those on two-year notes rose four basis points to 3.72%.

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