On Monday, the S&P 500 index increased by 14.62 points, or 0.20%, closing at 7,413.55 points. This rise was primarily fueled by optimism surrounding artificial intelligence, particularly in the semiconductor sector, which outperformed other industries. As of now, 83% of the S&P 500 companies that have reported earnings exceeded expectations, contributing to an aggregate earnings growth estimate of 28.6% year-on-year. However, inflation concerns are mounting due to rising crude oil prices and stalled peace negotiations between the U.S. and Iran, which President Donald Trump recently dismissed. Investors are particularly attentive to upcoming economic indicators, including the Consumer Price Index and retail sales data, as they gauge the impact of rising energy prices on consumer spending. Additionally, President Trump is set to meet with Chinese President Xi Jinping in Beijing to discuss various issues, including trade and the ongoing conflict in Iran. Notable companies reporting this week include Cisco and Applied Materials, while Nvidia and Walmart will report later this month.