"Tech Stocks Lead Surge as S&P 500 Hits New Highs Despite Earnings Drag"

US stocks rose, with the S&P 500 and Dow Jones Industrial Average hitting new highs, driven by upbeat tech earnings led by Netflix. The Nasdaq Composite also surged, buoyed by Netflix's strong results, while blowout updates from ASML and SAP lifted optimism for the tech industry. US economic output hit a seven-month high, with strong manufacturing and services activity. The debate over when the Federal Reserve will cut interest rates continues, as corporate earnings take center stage, with 74 companies reporting this week.