Market Rally: S&P 500 and Nasdaq Hit New Highs Amid Corporate Surges and Tariff Shadows

The S&P 500 and Nasdaq Composite reached new record highs, driven by Delta's optimistic earnings forecast and Nvidia's milestone valuation. Despite concerns over tariffs led by President Trump, investor sentiment remained positive. The markets saw broad gains, with significant rallies in the airline sector.

In a remarkable market rally, both the S&P 500 and the Nasdaq Composite achieved new record closing highs. This upward trend was significantly fueled by an optimistic outlook from Delta Air Lines and a milestone valuation of Nvidia.

Investor sentiment remained positive despite the looming shadows of President Trump's latest tariff announcements. The airline sector saw a robust surge, marked by Delta's 12% stock rise following its promising earnings forecast, which was echoed by United Airlines and American Airlines.

While the broader markets continue to navigate through tariff-related concerns, with mixed performances among megacap stocks, investor focus now shifts to the upcoming earnings season to assess the impact of these economic policies.

(With inputs from agencies.)