Stock Market Rally Driven by Earnings and Tech Giants Like Apple
The stock market continues its upward trajectory, with the Dow, S&P 500, and NASDAQ nearing record highs. Strong earnings reports and anticipation of further interest rate cuts are fueling investor optimism. Over 83% of S&P 500 companies have surpassed profit expectations, reinforcing confidence in corporate performance rather than reliance on central bank policies.
Tech leaders Apple and Microsoft have reached historic milestones, underscoring the sector's resilience. Analysts emphasize that earnings are now the primary driver of market gains, with high valuations making actual performance critical. Traders remain cautious, however, as the Federal Reserve's upcoming meeting and global trade talks introduce potential volatility.