Nasdaq 100: Meta, Apple Rally Lifts Tech Stocks and Boosts US Indices

Verizon jumped over 5% after topping second-quarter estimates, boosting sentiment that more upside surprises could follow.

Arm Holdings soared 4.4%, while Ross Stores and Alphabet also landed among the top Nasdaq performers.

On the downside, Biogen and Lululemon dropped more than 2%, as traders rotated out of health and consumer names.

Tesla, the first of the high-profile tech names set to report, remains a key name to watch this week.

What’s the Market Outlook as Earnings Season Picks Up Steam?

With over 85% of early S&P 500 reports exceeding expectations and Q2 earnings tracking 5% year-over-year growth, momentum favors continued upside—especially if megacaps deliver.

While tariff concerns linger, traders appear unfazed for now. Analysts like CFRA’s Sam Stovall suggest the S&P 500 could climb another 5% from current levels before facing resistance.

Traders should monitor Tesla and Alphabet’s reports this week, as results could set the tone for the next leg in the market.

More Information in our Economic Calendar.