Markets are currently displaying cautious optimism due to anticipated progress in trade negotiations and a notable week for technology earnings, particularly from major players like Microsoft and Amazon. Treasury Secretary Scott Bessent suggests that trade agreements could emerge soon, which might bolster stock market gains further. The S&P 500 index has shown significant recovery, with a recent 7.1% increase, moving away from correction territory, as seen in its recent performance. Today's trading updates indicate slight variances in various indices, emphasizing the potential for continued market strength.
The markets are trading with cautious optimism on the latest trade-war related progress and a big week for tech earnings.
Treasury Secretary Scott Bessent predicts trade deals could begin to emerge this week or next, potentially paving the way for further gains in the stock market.
With the S&P 500 now out of dangerous correction territory, the markets are stringing together a winning streak, including a 7.1% advance for the S&P 500 over the past five days.
If today's gains hold, that will bring the broader market index further away from its Liberation Day lows suffered in early April.
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