Wall Street's reliance on a small number of high market-value stocks to keep momentum going for the U.S. equities bull market will be tested in coming days as major technology and growth companies report earnings.

US stock market continued its winning streak as the S&P 500 and Nasdaq Composite reached new record highs, driven by strong corporate earnings, booming tech stocks, and growing hopes of a Federal Reserve rate cut.

US stocks are nearing record highs with the S&P 500 achieving another winning week. Strong corporate earnings from companies like Deckers and Boston Beer Co support this trend. However, Intel struggles,

With Wall Street's surge to record highs, the U.S. stock market looks nearly as expensive as ever, and investors are debating whether the lofty valuations are a bearish signal or justified by the technology-heavy market's profit outlook.

JP Morgan is the bellwether as the US’s largest bank. It is expected to boost its net interest income target for this year, as it benefits from elevated interest rates in the US, and profit growth from loans could top 3% in Q2. This may be dwarfed by trading revenue, which some analysts expect to have surged by 8%.

Reaction has been fairly quiet, an ominous sign that much of the good news is priced in — and investors are punishing disappointments

Barry Bannister is one of Wall Street's biggest bears, even as stocks barrel to fresh records on a wave of bullishness for AI and stable economic growth.

The U.S. stock market completed a roller-coaster first half of the year at record-high levels but a host of factors could knock equities off their perch over the rest of 2025.