Wall Street Stalls—Tech Earnings and Economic Data Loom Like a Overpriced IPO

Markets flatline as traders play the waiting game—another thrilling episode of ’Will They Beat Estimates?’ starring Big Tech.

Economic reports this week could either fuel the rally or send algos into panic mode. Place your bets.

Bonus cynicism: If past performance is any indicator, someone’s about to ’disrupt’ something with a spreadsheet and a press release.

China vs. USA 

In Washington, Treasury Secretary Scott Bessent offered little new detail on trade talks with China but emphasized that it is up to Beijing to de-escalate tensions.

Speaking on CNBC’s “Squawk Box,” Bessent noted progress on other trade fronts, highlighting India as a potential early success. “They sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable,” Bessent said.

Markets are also eyeing new developments in the tech sector after reports that Huawei Technologies plans to test a new chip competing with Nvidia, pressuring shares of the U.S. chipmaker.

Investors will continue to monitor earnings, trade negotiations, and economic data throughout the week to gauge the broader market outlook.