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The S&P 500 and Nasdaq are near their record highs after opening on a positive note on Friday, with earnings for Apple and Microsoft on the agenda.<\/p>\n
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Stocks have largely taken an upbeat route in reaction to various market factors, including the wave of Wall Street earnings, tariffs and trade deals. In this case, the S&P 500 and Nasdaq Composite have continued to march to record highs, where they remain as the week comes to a close.\u00a0<\/p>\n
The benchmark index opened 0.18% up and is tracking over +4.5% for the month, and tech-heavy Nasdaq edged 0.03% on the day and 5% for the month. Nasdaq is eyeing a sixth-straight winning session.<\/p>\n
While Tesla shares tanked after the company\u2019s earnings miss, optimism remains high as the Dow Jones Industrial Average also moved higher. The Dow added 75 points in early trading on Friday and is tracking near 4% upside for the past 30 days.<\/p>\n
As stocks eye further gains, Bitcoin (BTC) is struggling with sell-off pressure that saw its price fall to $115k.<\/p>\n
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Wall Street\u2019s positive week came amid wins, such as Google parent Alphabet\u2019s revenue beat, which buoyed markets.<\/p>\n
The U.S and Japan struck a trade deal, and President Donald Trump visited the Federal Reserve headquarters. However, Trump\u2019s criticism of the Fed chair was also evident during the visit, with the issue of interest rates being a significant part of the broader picture.<\/p>\n
Commenting on the Fed\u2019s inflation fight and the U.S. central bank\u2019s move not to cut rates over the last few months, Bill Eigen, JPMorgan Asset Management chief investment officer, suggested<\/a> the Fed will eventually cut. However, they won\u2019t be as aggressive and \u201czero rates are not walking through the door any time soon.\u201d<\/p>\n Eigen was speaking to CNBC\u2019s \u2018Squawk Box\u2019.<\/p>\n