Overview
The U.S. stock market experienced gains today, driven by strong corporate earnings reports, the easing of U.S.-China trade tensions, and the expectation that the ongoing 21-day federal government shutdown might soon end. Apple's stock surged to an all-time high thanks to improved iPhone demand, helping propel the market upwards.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
Cecilia Rouse, Chair of the White House Council of Economic Advisers, stated in a CNBC interview that there is a high likelihood of the shutdown ending this week. If negotiations fail, the White House is prepared to take more robust measures. Meanwhile, Apple's stock soared after Loop Capital upgraded its rating to buy, citing increased iPhone demand, driving the overall market's rally. Thus far, 85% of S&P 500 firms that have reported have shown better-than-expected results, indicating strong resilience in U.S. businesses.
Tomorrow's Economic Indicators
| Time (ET) | Event |
|---|---|
| 8:55 PM | U.S. Consumer Retail Sales Data Release |
General Opinion
Experts view the current market momentum positively yet remain wary of underlying risks. Notably, the market continues to react sensitively to policy risks and economic indicators, even as earnings season proceeds smoothly. Further advancement appears contingent on concrete follow-up actions regarding U.S.-China trade agreements and stable corporate earnings outlooks. The remainder of the week, with key corporate earnings and economic indicators, will likely shape the market’s direction.
