Overview

• The S&P 500 and Nasdaq 100 both hit all-time highs as the 10-year Treasury yield dipped to near one-week lows around 4.37%.
• A U.S.-Japan agreement cutting auto tariffs to 15% and slashing duties on other Japanese goods lifted equity futures and sent Asian markets higher.
• Semiconductor shares led gains in the technology sector, offsetting pullbacks in natural-gas producers.
• Homebuilder stocks surged after better-than-forecast profit reports while General Motors said tariffs shaved $1.1 billion from quarterly earnings, driving its shares lower.
• Investors are focused on the start of megacap earnings season, with Alphabet and Tesla set to report Wednesday after the bell.