Stocks Hold at Record Highs Before Megacap Results: Markets Wrap

Wall Street traders gearing up for the start of the high-stakes megacap earnings season kept stocks at all-time highs, with investors also parsing the latest tariff developments. Bond yields and the dollar fell.

While the S&P 500 barely budged, more than 400 of its shares rose. A gauge of the “Magnificent Seven” giants halted a nine-day advance, but Tesla Inc. and Alphabet Inc. climbed before their results. D.R. Horton Inc. led a rally in homebuilders. Kohl’s Corp. surged as much as 105% — before paring gains to 38% — in a move reminiscent of the meme era. In late hours, ...