Tech Megacaps Propel S&P 500 and Nasdaq to Two-Week Highs
The S&P 500 and Nasdaq reached near two-week highs as megacap stocks like Microsoft, Alphabet, Amazon, and Meta Platforms rose, driven by lower Treasury yields. Investors are awaiting inflation reports and earnings from major lenders later in the week, which could impact the monetary policy trajectory. Crypto stocks, including Coinbase, Bitfarms, and Riot Platforms, dipped after a fake social media message regarding the approval of exchange traded funds. Boeing rebounded, while DocGo dropped after a short position was revealed.