The S&P 500 and the Nasdaq Composite rose to new record highs on Monday despite little progress reported on an Iranian-US ceasefire.
So far, the corporate reporting period has been strong. This week marks the busiest stretch of earnings season, with five of the “Magnificent Seven” set to report: Meta Platforms, Apple, Amazon, Alphabet and Microsoft.
The main theme across all five is that revenue is expected to hold up, but investors want to learn more about heavy AI spending.
Amazon may be one of the more interesting names to watch this week. The stock fell 8% after its last report, when investors reacted to a large spending forecast.
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