Stocks closed mixed on Monday but recovered from sharp losses to begin a big week of heavyweight earnings reports and macroeconomic data that will continue to paint an early picture of the US economy's response to President Trump's tariffs. The S&P 500 (^GSPC) erased losses of as much as 1% to rise just above the flatline. The Dow Jones Industrial Average (^DJI) edged up 0.3%, notching its longest win streak of 2025.

Both indexes ended in positive territory for the fifth straight day. The tech-heavy Nasdaq Composite (^IXIC) fell below the flatline, as shares of Big Tech recovered from steep early-session losses. DJI – Delayed Quote • USD (^DJI) View Quote Details 40,227.59 – +(0.28%) At close: April 28 at 5:33:29 PM EDT ^DJI ^GSPC ^IXIC Advanced Chart Wall Street is coming off a rebounding run last week.

The gains came as Trump eased pressure on Federal Reserve Chair Jerome Powell, and hinted at light at the end of the tunnel for sky-high 145% tariffs on China. On Monday, Treasury Secretary Scott Bessent said it was "up to China" to deescalate the trade battle, though he suggested its recent moves to exempt certain US goods from duties represented a positive step. Earnings are the highlight of the week ahead, with 180 S&P 500 companies expected to report quarterly financial results.

Big Tech leads the way, as Apple (AAPL), Amazon (AMZN), Meta (META), and Microsoft (MSFT) are all due in the coming days, alongside Coca-Cola (KO), Eli Lilly (LLY), and Chevron (CVX). Broader economic news will flavor the coming days, as investors eye Wednesday's release of the Fed's preferred inflation gauge, the Personal Consumer Expenditures (PCE) index, to see the impact of tariffs on the general public's "core" expenses. An initial reading on first quarter US GDP is also due Wednesday.

The April jobs report is also in sight, as the labor market has so far remained resistant to signs of economic slowdown. LIVE COVERAGE IS OVER 20 updates