Stock Market Highlights: Nasdaq and S&P 500 Reach New Highs, Earnings Season Begins

The Nasdaq Composite and S&P 500 indexes reached new closing highs, benefiting from benign inflation readings and a strong start to the second-quarter earnings season. Around 100 companies from the S&P 500, including Verizon, Coca-Cola, Alphabet, and Tesla, are set to report earnings this week. Wall Street is also anticipating the Federal Open Market Committee's upcoming monetary-policy meeting.
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