The stock market continues to grind higher. Tech stocks are leading the way again, flirting with all-time highs while the S&P 500 index is a stone’s throw away from a record*. US Treasuries have been selling off, but yields are stabilizing as a result of resilient economic data and some easing pressure on Fed Chair Powell.
Earnings preview: Expectations are low, but sector divergences remain wide as second quarter earnings season gets underway. Schwab’s Liz Ann Sonders and Kevin Gordon discuss the earnings outlook for key sectors.
A look ahead: Treasury auctions could be in focus again as investors await the latest signs of demand for U.S. debt. Also on tap this week are back-to-school and holiday shopping seasons, which could be impacted by tariff-related inflation fears.
Stocks closed higher, regaining some of last week’s gains as investors assessed the Trump administration’s latest nominee to the Federal Reserve and braced for new trade developments. The tech-heavy Nasdaq index led the way, while the S&P 500 index was a stone’s throw away from recapturing its record high*. The broader index remains up by nearly 6% since the November 2024 election, and it’s just a fraction of the distance from the all-time high it reached in early 2025.