Morning Brief Stocks hit new highs as Japan deal, meme rally, tech earnings lead
US stocks climb after the White House announces a 15% tariff deal with Japan, sparing the country from a steeper hike and launching a $550 billion Japanese investment fund in the US. The news lifts Japanese automakers and boosts optimism for future EU deals. Meme stock mania returns as GoPro (GPRO), Krispy Kreme (DNUT), and Beyond Meat (BYND) surge on heavy retail trader volume. Investors look to Tesla (TSLA) and Alphabet (GOOGL) earnings after the bell for clues on the Magnificent Seven rally. Texas Instruments (TXN), AT&T (T), and Fiserv (FI) are also in focus.
Takeaways:
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S&P 500 hits record as Japan trade deal, tech earnings, and meme rally boost sentiment
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Meme stocks surge, retail traders drive 21% of US equity volume
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Investors await Tesla and Alphabet earnings, eye Magnificent Seven’s next move
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