S&P and Nasdaq end higher as earnings calm trade jitters

U.S. equity markets ended higher with the S&P 500 climbing 0.40% and the Nasdaq up 0.66%, as strong earnings from Bank of America and Morgan Stanley helped counterbalance U.S.–China trade tensions. The Dow, however, declined marginally by 0.04%. Crude oil reversed earlier gains, while gold soared to fresh highs. The U.S. dollar slipped, reflecting easing safe-haven demand. Markets broadly viewed the earnings momentum as supportive amid macro uncertainty, and focus now shifts to upcoming inflation data.