U.S. stocks rose Monday to start a busy week of corporate earnings. There were several important developments taking place today: the S&P500 closed above 3000, Nasdaq got close to an important 8000 level, while JPM and AAPL continued to make new all time highs.
Market participants expected the US and China to announce a trade deal on Friday adding fuel to the bullish momentum from Thursday. Initially, investors cheered a partial trade deal with China but soon realized there is no clear timeline for removing existing tariffs. This resulted in a market’s mini washout into the session close.