S&P 500 rose last week ahead of earnings season amid economic data watch — Reuters

US stock indices posted steady gains last week, Reuters reported, as investors awaited the start of the corporate earnings season and key consumer inflation data. These releases are expected to provide greater clarity on the health of the American economy and the impact of recent tariff policies, factors that could limit further upside for equities.

Shares of major companies, including banks and tech giants, have climbed since April, even as new import tariffs on goods from over 20 countries were announced. However, analysts at Ned Davis Research note that current earnings expectations for firms have weakened.

According to LSEG forecasts, S&P 500 companies are projected to report 5.8% year-over-year earnings growth for Q2, a downward revision from an earlier estimate of 10.2%.

Meanwhile, the S&P 500 has climbed 7% year-to-date, with Nvidia recently making history by hitting a $4 trillion market valuation, a new global record.