Stocks Kick Off Week With a Bang as Investors Brace for Big Tech Earnings!

Stocks soared right out the gate on Monday, setting the stage for a wild week packed with earnings from the tech titans known as the Magnificent Seven!

Despite the looming shadow of tariffs causing major uncertainty, the market charged ahead. The S&P 500 rocketed up 0.28% at open, while the Dow Jones Industrial Average blasted off with a 0.45% gain, and Nasdaq wasn't far behind, climbing 0.21%.

Bitcoin (BTC) was on fire, surging nearly 2% past the $95k mark, and gold glittered with a 0.3% rise, hitting around $3,307 per ounce.

But it wasn't all sunshine and rainbows—U.S. Treasury yields stayed sky-high on Monday. The benchmark 10-year Treasury yield shot up 2 basis points to 4.29%, while the 2-year yield held steady at 3.76%.

Tariffs, Earnings, and Economic Data Set to Shake Up the Week

Before the U.S. markets threw open their doors on April 28, the S&P 500, Dow Jones Industrial Average, and Nasdaq futures took a nosedive, all eyes locked on the upcoming Big Tech earnings.

Tariffs are still a big question mark, but the market's also hungry for fresh economic data to chew on.

Last week, President Donald Trump's tariff talk and a lighter touch on Federal Reserve chair Jerome Powell helped Wall Street keep its winning streak alive, but the U.S.-China trade war scene is still murky as ever.

"I think there is a quiet, bubbling frustration about the status of these negotiations and the status of tariffs," Jake Sherman, founder of Punchbowl, dropped on CNBC's 'Squawk Box'.

But tariffs aren't the only drama this week—there's a whole lineup of earnings and the Fed's personal consumer expenditure report to keep everyone on their toes.

Investors are glued to their screens, waiting for quarterly financial results from the Magnificent Seven: Big Tech giants like Apple, Microsoft, Amazon, and Meta.

"Markets have rebounded very nicely off the lows," Stephanie Link, chief investment strategist and head of investment solutions at Hightower Advisors, fired off. "I think we can continue to rally if earnings continue to be good."

Earnings reports are rolling in all week, and the PCE data—the Fed's favorite inflation gauge—is set to drop on Wednesday, April 30. Buckle up, folks, it's gonna be a wild ride!