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Good morning. Monday is the calm before a busy week: the economic calendar is light, but the big banks start reporting tomorrow and fresh inflation data lands in the days ahead. Oil and Middle East headlines are worth a glance, too.
The Market Gauge
Here is where the market finished on Friday, the last completed session:
S&P 500: 7,575.39, up 0.42% (a fresh record close)
Nasdaq: 26,281.61, up 0.29%
Dow: 52,637.01, up 0.29%
What drove it: A calm Friday capped a wild week. Per Investor's Business Daily, all three major indexes rose almost in lockstep, a quiet change from the midweek whipsaws, and the S&P 500 notched another record. South Korean memory giant SK Hynix jumped in its first day of U.S. trading, while Moderna tumbled. IBD still reads the broader trend as healthy, with the market in a confirmed uptrend.
Beginner note: A record high is not a signal by itself. In a healthy uptrend, the major indexes make new highs regularly, that is simply what an uptrend is. A fresh record is not a reason to pile in, nor a reason to sell. It is the market doing what a rising market does.
On today's calendar
Today is a quiet start to a heavy week. The one U.S. item on the docket:
Federal Budget (Treasury statement), 2:00 PM ET: the government's monthly tally of what it spent versus what it collected. It rarely moves the market, but it is the kind of scheduled release that fills an otherwise empty Monday.
Worth knowing for the days ahead:
Bank earnings begin Tuesday: JPMorgan Chase reports before the open tomorrow, kicking off a parade of big financials, with Goldman Sachs and others close behind this week. Banks report first each quarter, so they set the early tone for earnings season.
Chipmakers on deck: Taiwan Semiconductor and ASML, two giants at the heart of the AI-chip supply chain, also report this week.
Inflation data due later this week: a fresh read on consumer prices is on the calendar, the number the Federal Reserve watches most closely.
On the radar: Interactive Brokers
$IBKR ( ▲ 1.88% ) is a fitting name to watch as we open our week on brokers. Interactive Brokers runs one of the largest electronic brokerage platforms in the world, the plumbing that routes and settles trades for individual investors and big institutions alike. In other words, the kind of company that might sit behind the account you open this week is itself a stock you can study.
How it has been acting: Interactive Brokers closed Friday at $94.09, down 1.25% on the day even as the broader market rose. That still leaves it only a few percent below its 52-week high of $97.84 (its 52-week low is $58.18), and the stock is up roughly 35% in the first half of 2026, helped by expansion into new markets such as South Korea. It has been a genuine market leader.
Why it is worth watching: Notice that a strong leader fell on a day the S&P set a record. That is normal. Individual stocks, even the best ones, do not move in lockstep with the index, and one red day inside a long uptrend is not a broken trend. Learning to tell an ordinary pullback from a real change of character is a skill we will build all year.
ONE FOR THE ROAD
As you think about opening a brokerage account this week, which matters more to you: the lowest fees, or the friendliest app for a beginner? Hit reply and tell me.
Educational content only. Not financial advice. Past performance does not predict future results. Read the full financial disclosure.
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This webinar is for informational purposes only and does not constitute investment advice or a recommendation to buy, hold, or sell any security. Forward-looking statements involve risks and uncertainties. Past performance is not indicative of future results. Range defines "high earners" as households with income over $300k.