Stocks continued to push away from their all-time highs as traders sifted through the latest batch of corporate earnings and awaited more clues on the Federal Reserve outlook.
Another round of better-than-estimated company profits failed to dispel uncertainties about monetary policy, with bets on imminent rate cuts dissipating. While this week’s economic calendar will be light, investors will be focused on remarks from a slew of Fed speakers. Wall Street is also eagerly awaiting Nvidia Corp.’s earnings due Wednesday for confirmation that the stock can meet sky-high expectations set by the boom in artificial intelligence.