Nasdaq, S&P hit record levels
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The S&P 500 and the Nasdaq notched record high closes on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration's global tariffs.
The latest batch of robust earnings results from major companies helped lift stocks, with the S&P 500 and Nasdaq Composite reaching new highs.
The S&P 500 is currently up 7.30% year-to-date, while the S&P Equal Weight is up 5.46% year-to-date. Read more here.
Investing in an ETF that tracks the S&P 500 gives you exposure to 500 or so of the largest and best companies on the market, essentially giving you the opportunity to grow your money along with the market. The large number of stocks, plus the index's regular changing of its components based on how they grow or shrink, minimizes your risk.