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The S&P 500 Index is up 0.54%, the Dow Jones is up 0.41%, and the Nasdaq 100 is up 0.72%, with both S&P 500 and Nasdaq 100 hitting new all-time highs today. The 10-year T-note yield has fallen by 6 basis points to a one-week low of 4.36%, contributing to stock gains.
Block’s shares have surged over 7% after its inclusion in the S&P 500, replacing Hess Corp. Meanwhile, Domino’s Pizza and Verizon Communications also reported better-than-expected earnings, with both stocks rising over 2%. In trade news, President Trump has proposed new tariffs, which may impact market sentiment.
The focus this week will be on upcoming economic data, including a projected 0.7% month-over-month decline in June existing home sales and an expected rise in new home sales by 4.3%. Additionally, the S&P 500 earnings are forecasted to rise 3.2% for Q2, exceeding initial expectations of 2.8% year-over-year.
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