Market Performance - The US stock indices collectively rose over the past week, with the Dow Jones Industrial Average increasing by 1.26% to 44,901.92 points, the Nasdaq Composite rising by 1.02% to 21,108.32 points, and the S&P 500 gaining 1.46% to 6,388.64 points [1] - Year-to-date, the Dow Jones has increased by 5.54%, the Nasdaq by 9.31%, and the S&P 500 by 8.62% [1] Earnings Reports - Over 82% of the 169 S&P 500 companies that have reported earnings exceeded market expectations [1] - Approximately 30% of S&P 500 companies have released their earnings, with an expected overall growth of 7.7% in Q2 earnings compared to the previous year [4] Sector Analysis - There is a notable divergence in the performance of major tech stocks, with Nvidia and Microsoft reaching new highs, while Tesla and Intel have seen declines of 21% and 10.39% respectively [2] - The S&P 500's price-to-earnings ratio stands at 22.6, significantly above the long-term average of 15.8 [2] Federal Reserve and Economic Indicators - The Federal Reserve is expected to maintain interest rates in the range of 4.25% to 4.5% during its upcoming meeting, as officials seek more data to assess the impact of tariffs on inflation [4] - Recent inflation data shows an increase in the Consumer Price Index (CPI) from 2.3% in April to 2.7% in June, indicating rising inflationary pressures [4]