Earnings dominated trading activities, and the benchmark indexes hovered near record highs. GE, Verizon, P&G, Raytheon, Halliburton, and United Airlines reported strong quarterly results, but DR Horton, Ericsson, and Logitech fell short of expectations.

U.S. market indexes hovered near record highs as investors digested a fresh batch of earnings. Treasury yields edged higher, and crude oil traded volatile amid heightened tensions in the Red Sea.

The tech rally extended gains as investors looked beyond interest rate uncertainties as the AI enthusiasm from the last week continued. China leaves lending rates unchanged. The Bank of Japan is expected to hold rates steady at the end of its policy meeting Tuesday.

Major averages on Wall Street attempted to extend the previous week's gains, and tech stocks remained in focus. The 10-year Treasury yield edged slightly higher, and investors debated the number and timing of rate cuts this year after policymakers reiterated the need for higher rates for longer.

Diverging views on the rate path lift stocks and Treasury yields higher as investors keep hopes of rate cuts alive. The yields on 2-year and 30-year Treasury bonds trade at the same level.

U.S. investors shifted their focus to positives in the economy and returned to adding high-growth stocks. The rally on Wall Street supported gains in the final hour of trading in Europe. Asian markets struggled to shake off the weakening economic backdrop in China.

Benchmark indexes attempted a rebound after selling off for two days in a row. U.S. Treasury yields edged higher as policymakers continue to push back against rate cut expectations.



Stock markets around the world turned lower after policymakers conducted aggressive campaign against the prospect of a near-term rate-cut citing high inflation. China market indexes plunged after the release of the latest economic data.

Investors remained cautious after the near-term rate-cut hopes faded following the pushback from policymakers. Rising tensions in the Middle East and weaker-than-expected economic growth in China also kept investors on the sidelines.

Global markets turned down, and investors lowered rate expectations. Rising tensions in the Middle East and supply chain disruptions also weighed on market sentiment.

Stocks struggled in early trading, and Treasury yields edged higher ahead of the release of the retail sales report on Wednesday. Goldman Sachs and Morgan Stanley reported better-than-expected quarterly results.

Markets in Europe closed down, and the German economy stalled in 2023 after rising interest rates and elevated inflation kept consumer spending growth in check. In Asia, Chinese markets struggled after the central bank did not offer any new stimulus measures.

Major averages scaled higher on Wall Street after producer price inflation rose less than expected. The S&P 500 index and the Nasdaq Composite are set to extend weekly gains. Banks and airlines were in focus after the release of their quarterly results.

Market indexes turned lower in the U.S. and Europe after U.S. consumer inflation rebounded in December, indicating interest rates are still not restrictive enough. Crude oil rebounded on rising tensions in the Red Sea.



Bitcoin jumped after the SEC approved the launch of bitcoin-focused ETFs. Stocks lacked momentum in early trading and investors debated future rate path ahead of inflation reports.