S&P 500 Nears Record High as Dollar Weakens, Earnings Boost Market Confidence

• The S&P 500 is approaching an all-time high, driven by strong corporate earnings and investor confidence.
• The US dollar has fallen to an almost four-year low, with speculation of coordinated intervention to weaken it further.
• Despite a slide in consumer confidence, the S&P 500 recorded a fifth day of gains, nearing 7,000 points.
• The Federal Reserve is expected to hold interest rates steady, amplifying President Trump's desire for cuts.
• Key tech companies like Microsoft, Meta, Tesla, Apple, and Alphabet are reporting earnings this week, with expectations for strong results despite a projected slower profit growth for the "Magnificent Seven" group.

Why It Matters: Strong corporate earnings and a weakening dollar are pushing the S&P 500 towards record highs.