Start of Earnings Season Sets Tone for Mag 7 & Stock Market's Record Run

• S&P 500 and Nasdaq-100 hit new all-time highs, with the overall market feeling 'pretty good'.
• Weekly jobless claims came in below estimates (207K vs 213K), indicating a resilient labor market.
• Strong corporate earnings from Information Technology, Communication Services, Consumer Discretionary, and Financials are driving market performance.
• Key large-cap tech earnings (Meta, Microsoft, Amazon, Google Alphabet, Apple) are anticipated around April 29th, with Netflix also reporting today.

The US stock market is experiencing a record run, with the S&P 500 and Nasdaq-100 hitting all-time highs. This resilience is attributed to strong corporate earnings, particularly from tech and financials, and better-than-expected jobless claims. Upcoming large-cap tech earnings are highlighted as crucial for continued market direction.