Market Highs Amid Trade and Earnings Surprises

The S&P 500 and Nasdaq reached new record highs due to positive earnings and trade agreements. Key negotiations on tariffs continue between the U.S. and China, while India's preparation for increased tariffs from the U.S. looms. Upcoming tech earnings and Federal Reserve decisions are expected to influence market directions.

The S&P 500 and Nasdaq reached new records Tuesday, driven by earnings reports and an anticipated U.S. Federal Reserve policy meeting. The Dow lagged behind, hindered by mixed quarterly results from UnitedHealth and Boeing.

In international trade, the U.S. and EU inked a deal reducing tariffs, boosting market confidence. As U.S.-China talks commence in Stockholm, other countries, including India, brace for higher U.S. tariffs.

With major tech earnings due, investor focus remains on the Federal Reserve's meeting outcomes. While rates are expected to hold, any hints at future changes will be closely watched. Despite some market jitters, particularly from Spotify's forecast, consumer confidence has exceeded expectations.

(With inputs from agencies.)