Key Takeaways The S&P 500 and the Nasdaq hit new highs again on Monday as Wall Street celebrates the upbeat opening to second-quarter earnings season. Market-moving large-cap companies are beating subdued estimates, dragged down by initial tariff and trade war concerns. More importantly, management commentary about current business trends have been very favorable, helping firm up earnings expectations for the third quarter and beyond. The improving earnings outlook, coupled with projections that the Fed wil ...