US EditionS&P 500 and Nasdaq notch record high closes, lifted by Alphabet
UNITED STATES, JUL 21 – More than 85% of S&P 500 companies have beaten earnings estimates this season, boosting investor optimism despite tariff and inflation concerns, FactSet data shows.
- Record highs hit the S&P 500 and Nasdaq on strong earnings Monday, with the S&P rising 0.1% to a record close and Nasdaq adding 0.4%.
- FactSet data show earnings season is delivering upside as more than 60 S&P 500 companies have reported with over 85% beating estimates.
- Alphabet's strong session also boosted markets, helping lift the record high close, while Verizon Communications raised its profit forecasts.
- Amid tariff uncertainty, Aug. 1 trade deadline looms as President Donald Trump paused many proposed tariffs to extend trade talks.
- Later this week, Mike Wilson forecasts the S&P could reach 7,200 by mid-2026.
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Asian Traders Optimistic as S&P 500 Record Holds: Markets Wrap
Asian stocks are set for a mainly positive open, with US equities holding near all-time highs as investors weighed tariff developments ahead of the megacap earnings season. Bond yields and the dollar retreated.
·United States
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After a sobering start to the week, the DAX is unlikely to get out of the cover even today. The reporting season, in which the focus today is mainly on SAP figures, could be a cause for movement.
·Hamburg, Germany
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S&P/TSX composite loses steam through the trading day, U.S. stock markets mixed
TORONTO — Canada's main stock index lost steam throughout the trading day Monday to close just a few points higher amid a rotation into defensive sectors, while U.S. markets were mixed. The S&P/TSX composite index was up 2.99 points at 27,317.00.
·Cambridge, Canada
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Coverage Details
Total News Sources78
Leaning Left25Leaning Right3Center26Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 46%
C 48%
Factuality
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