US Stock Markets Rally Driven by Apple Records, Strong Earnings, Trade Optimism

Major U.S. stock indices extended gains as optimism grew around corporate earnings and easing concerns over U.S.-China trade tensions. The Nasdaq Composite surged toward a record high, driven by strong earnings expectations and technical momentum, with Apple hitting a new all-time closing high after an upgrade and positive demand outlook for iPhones. The S&P 500 and Dow Jones also rose, supported by upbeat earnings results, with over 76% of S&P 500 companies beating estimates so far this season. Investors remain cautious amid stretched valuations and potential earnings disappointments, but fiscal stimulus and the Federal Reserve's easing cycle are expected to support continued gains, especially for small-cap stocks. Key upcoming events include the release of inflation data delayed by the government shutdown and further corporate earnings reports, which will be closely watched to assess economic resilience and market direction. Treasury Secretary Scott Bessent's trip to Malaysia for trade talks and hopes for an end to the government shutdown are contributing to positive sentiment.