Apple Nears $4 Trillion as Record Market Awaits Big Tech Earnings Showdown
Wall Street enters this week in a euphoric mood. Major indices closed at record highs on Monday, with the Nasdaq up 1.4%, S&P 500 +0.8%, and Dow +0.5%ts2.tech. Investor sentiment has been boosted by hopes that a U.S.–China trade truce is imminent and by confidence that the Federal Reserve will ease monetary policy. News that President Trump and China’s Xi plan to meet on Oct. 30 to hash out a trade deal “clearly boosted sentiment,” powering rallies in trade-sensitive tech and industrial stocksts2.techts2.tech. At the same time, a cooler-than-expected inflation report has “all but locked in” a quarter-point Fed rate cut this weekts2.tech – a prospect that further fueled the stock surge. “FOMO” – the fear of missing out – also appears to be driving the rally, as traders pile into 2025’s high-flying tech winners ahead of earningsinvestinglive.com. The result: the S&P 500 and Nasdaq are extending their march into uncharted territory, and even previously lagging segments have joined the upswinginvestinglive.com. “It’s been a spectacular start to earnings season…justifying the rally,” said Carson Group’s Ryan Detrickts2.tech, referring to the broad strength of corporate results so far. Indeed, roughly 87% of S&P companies have beaten profit forecasts this quarterts2.tech, providing fundamental