Earnings have risen on the back of profit reporting from major companies, including Bank of America and ASML, with the S&P 500 climbing by 0.7%.

Stocks recorded a significant increase following the profit reports from large companies in the banking and technology sectors. The S&P 500 rose by 0.7%, while the Dow Jones climbed by 204 points, and the Nasdaq gained 1%. The technology sector was boosted by ASML's results, which forecast a 15% revenue growth for 2025.

Bank of America reported a profit of $8.5 billion, 23% more than last year, due to the increase in loans and interest income. Additionally, Papa John's stocks rose by nearly 13% after Apollo Global Management proposed acquiring the company. Furthermore, gold reached historic highs, increasing by nearly 60% in 2025 amid economic uncertainties.