Markets are showing indecision as they react to easing tariff worries and anticipate upcoming tech earnings from major companies like Meta and Microsoft. Treasury Secretary Scott Bessent hints at potential new trade agreements, emphasizing China's role in de-escalating tensions. Despite some uncertainty, analysts remain optimistic about big tech, especially Meta, indicating its bullish outlook prior to earnings. Notably, the S&P 500 has rebounded from recent lows, supported by a weaker dollar, which is predicted to enhance corporate earnings.
The markets are showing a lack of conviction in either direction as they process the latest tariff progress and upcoming technology earnings.
Wall Street analysts are bullish on META ahead of its midweek earnings print.
Treasury Secretary Scott Bessent forecasting new trade agreements as soon as this week while also placing the burden on China to de-escalate tensions.
Morgan Stanley Chief Equity Strategist Michael Wilson told Bloomberg the weak U.S. dollar will serve as a positive catalyst for corporate America's earnings.
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