XPost: alt.politics.republicans, talk.politics.misc, talk.politics.guns
XPost: sac.politics, alt.politics.economics
https://www.cnbc.com/2025/07/24/stock-market-today-live-updates.html
The S&P 500 rose on Friday as it closed out a winning week following
solid earnings results and the latest trade developments.
The broad market index jumped 0.40% and posted its 14th record close of
the year at 6,388.64.
The Nasdaq Composite rose 0.24%, ending at 21,108.32 for its 15th record
close in 2025.
Both indexes also hit new all-time intraday highs during the session.
The Dow Jones Industrial Average also climbed 208.01 points, or 0.47%, to settle at 44,901.92.
The 30-stock index ended the session about 0.25% off its Dec. 4 record
close of 45,014.04.
All three major averages finished the week with gains. The 30-stock Dow
posted a roughly 1.3% advance in the period, while the tech-heavy Nasdaq
rose 1% and the broad market S&P 500 gained about 1.5%.
Friday marked a fifth consecutive day of closing records for the S&P
500, with the index finishing above 6,300 for the first time on Monday.
The Nasdaq, meanwhile, has seen four record closes this week, breaking
the 21,000 threshold on Wednesday.
The journey to all-time highs over this past week has been supported by
a strong earnings season so far, including Alphabet’s
better-than-expected earnings report. Verizon
shares also jumped after the telecommunications company’s results
surpassed expectations. Week to date, Alphabet is up 4% and Verizon is
up 5%.
More than 82% of the 169 S&P 500 companies that have reported to date
have beaten Wall Street’s expectations, per FactSet data.
“The bull market lives on, supported largely by favorable fundamentals,”
Terry Sandven, chief equity strategist at U.S. Bank Wealth Management,
told CNBC. “Inflation is stable, interest rates are range-bound and
earnings are trending higher, and that presents a favorable backward
drop for stocks to trend higher. We still look for a risk-on bias to be
intact as we move through this earnings season.”
On top of earnings, recent deals between the U.S. and its trading
partners have helped push the market to new heights. Earlier this week, President Donald Trump announced a “massive” trade agreement with Japan,
which includes 15% “reciprocal” tariffs. The president also said this
week that the U.S. and Indonesia have settled on the framework of a
trade accord.
Trump said Friday that he expects more deals to be done before next
week’s Aug. 1 tariff deadline. An agreement between the U.S. and the
European Union could be one of those, as European Commission President
Ursula von der Leyen posted on X later Friday that she and Trump have
agreed to meet in Scotland on Sunday to discuss trade.
“Tariffs remain an item of uncertainty, and commentary from companies
still reflects this ongoing uncertainty,” Sandven continued. “You look
at the ongoing tariff commentary, you look at geopolitical challenges,
whether it be with Russia-Ukraine, Israel-Iran and the like. Through all
that, the equity market has trended higher. In our view, it gets back to
the strong fundamentals, namely inflation appears to be under control.”
Investors are gearing up for the busiest week of earnings season next
week, as more than 150 S&P 500 companies are due to post their quarterly results. That includes names in the “Magnificent Seven,” such as Meta
Platforms
and Apple
.
Next week is also when the Federal Reserve is scheduled to meet once
again. Policymakers are widely expected to keep interest rates at their
current target range of 4.25% to 4.5%.
--
November 5, 2024 - Congratulations President Donald Trump. We look
forward to America being great again.
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Every day is an IQ test. Some pass, some, not so much.
Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama
/ Biden / Harris fiascos, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)