Emma Duncan

Consumer lending name SoFi Technologies Inc (NASDAQ:SOFI) is charging higher this afternoon, following an announcement that the company has struck a $2 billion expansion deal with Fortress Investment Group. In response, SOFI is up 10% to trade at $9.99, at last glance.

Earnings season, the theme of the week on Wall Street, pushed stocks higher Monday. Upbeat post-earnings sentiment sent the Dow and S&P 500 to fresh record highs, with big banks among those making major moves, as well as a myriad of blue-chip leaders. Investors' eyes are peeled for Walgreens Boots Alliance (WBA) and Netflix (NFLX), which include some of the larger names due out later this week.

Earnings continued to flood headlines and influence investor sentiment today, giving Wall Street a much-needed boost after yesterday's selloff. Cisco Systems (CSCO) led the Dow 337 points higher, while traders also digested upbeat quarterly reports off the S&P 500. The Nasdaq managed to finish with a comfortable gain, an improvement from Tuesday's tech plunge, as Wall Street digests a second monthly fall in import prices.

Shares of Alcoa Corp (NYSE:AA) are 1.1% lower to trade at $41.58 today, even after the aluminum company posted a third-quarter earnings beat of 57 cents per share. Revenue missed estimates however, coming in at $2.90 billion and short of the expected $2.97 billion as aluminum shipments decreased.

Amid another week of earnings season volatility, there are two major market movers this afternoon, heading in opposite directions on the charts. Both are trading under $20, however, remaining affordable. The pair are Lemonade Inc (NYSE:LMND), which is down 1.4% to trade at $18.92, and Enovix Corp (NASDAQ:ENVX) -- up 2.4% at $11.46.

Mega caps drove stocks higher to start the week, with all three indexes marking solid gains. The Dow snapped a five-day losing streak, while the Nasdaq tried -- but failed -- to capture a new record peak. The S&P 500 recovered from its brief Friday pullback, with all eyes now on the incoming "Magnificent 7" earnings reports, with five due out just this week. Oil continued its steep descent after Israel's strike on Iran did not compromise crude production.

After struggling for direction most of the day, stocks finished mixed, with the Dow failing to claw its way back above breakeven. The S&P 500 eked out a comfortable gain, while the tech-heavy Nasdaq enjoyed a triple-digit pop, record high, and fourth-straight daily win as Big Tech geared up for earnings. Alphabet (GOOGL), Advanced Micro Devices (AMD), and Snap (SNAP) are among those slated to report after the close.

Labour’s package offers plenty of investment to go with a record bump in tax, but its strain on businesses could prevent it from achieving its ultimate goal

Despite a post-earnings pop out of Alphabet (GOOGL) that drove the Nasdaq to a fresh record high at the open, the tech-heavy benchmark sank into the red by the close and snapped its four-day win streak. Meanwhile, peer S&P 500 trailed with a loss of its own, and the Dow fell into the red in the final minutes of trading. Big Tech's barrage will continue tonight and tomorrow, with Apple (AAPL), Amazon.com (AMZN), and Microsoft (MSFT) some of those slated to report.

By taxing firms rather than employees, chancellor will achieve the opposite of what she intends