S&P 500 Hits New Highs Before ‘Peak’ Earnings Week: Markets Wrap

S&P 500 Hits New Highs Before ‘Peak’ Earnings Week: Markets Wrap

Wall Street ended the week on a positive note, withstockshitting fresh all-time highs amid solid earnings and hopes for US trade deals. After an uneventful meeting betweenDonald TrumpandJerome Powell, theTreasurymarket barely budged. Thedollarclimbed.

In the run-up to thebusiest weekfor corporate results, theS&P 500rose for a fifth straight day, approaching6,400. While the rally has stoked concerns about inflated prices amid a rush to risky corners and a revival of thememe-stock mania, many traders find it hard to bet against the trend. A closely watched gauge of equity volatility - theVIX- closed below 15.

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