Tuesday, July 22, 2025

S&P 500 notches record-high close; GM slumps as tariffs bite

S&P 500 notches record-high close; GM slumps as tariffs bite

By Noel Randewich and Pranav Kashyap

Tue July 22, 2025 4:17 PM

It was a day of consolidating recent gains as all three indexes opened low, especially tech with the Nasdaq losing over 200 by 10 a.m., but then all three gradually recovering with the S&P barely closing flat but the Nasdaq all day in the red. The Dow industrials were in the black all day though quite flat all morning before gaining in the afternoon and closing up 3-digits. GM had a rotten day announcing a $1B write-off from tariffs and the aerospace and defense stocks also took big hits.  

Monday, July 21, 2025

S&P 500 and Nasdaq notch record high closes, lifted by Alphabet

S&P 500 and Nasdaq notch record high closes, lifted by Alphabet

By Noel Randewich and Nikhil Sharma

Mon July 21, 2025 4:29 PM

Stoked by an anticipated glowing report from Google (due Wednesday) and also more Magnificent Seven reports later this week, all the indexes shot way up throughout the day, the Dow up over 250 points, until about 2 pm when they all started plummeting to close at a near wash. But tech was still in positive territory which also meant the S&P and Nasdaq had still one more record close. For the year, the S&P is up 7%, the Nasdaq 9%. S&P Q2 earnings are expected to increase by 6.7% and the good news so far is that companies have met or beaten guidance.  

Friday, July 18, 2025

S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling

S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling

By David French

Fri July 18, 2025 4:56 PM

 

It was a pretty flat day from beginning to end for tech anyway as investors tried to grapple once again with the latest tariff threats. The Dow industrials went straight south though ending down 3-digits. This was the week that would either prove or disprove the harmful effects of the tariffs. But the week ended quite mixed with overall sentiment being that the markets have grown wary of the tariff debate.  

Thursday, July 17, 2025

S&P 500, Nasdaq end at fresh record highs as data, earnings point to consumer strength

S&P 500, Nasdaq end at fresh record highs as data, earnings point to consumer strength

By David French

Thu July 17, 2025 4:37 PM

After two days of tepid economic and Q2 reports failed to inspire much confidence regarding inflation, today the reports turned very much positive with strong Q2 from companies like PepsiCo and with Netflix coming in with both barrels after the bell. There was also TSMC, the world’s largest AI chipmaker, with a record quarterly profit thus boosting not only the whole AI sector but also all of tech.

Wednesday, July 16, 2025

Wall Street ends up, after brief downward detour on Powell firing confusion

Wall Street ends up, after brief downward detour on Powell firing confusion

By David French

Wed July 16, 2025 4:43 PM

The day started as a near-disaster as all the indexes took a big dive right around 11 a.m., the Dow down nearly 300 points, but it only lasted about 30 minutes before a rebound began. The trigger was a brief leak of news reports that Trump was ready to fire Jerome Powell which created a momentary panic over losing the independence of the Fed and the subsequent damage that would do to the economy. No matter that that independence meant that Trump had no authority to do any such thing any more than he has the authority to fire Hakeem Jeffries. There was still a panic but after only ½ hour, Trump himself issued a statement that the reports were false and he had no such intention, though this did not stop him from continuing his attacks on Powell for not lowering rates fast enough.  

Tuesday, July 15, 2025

Nasdaq posts latest record close on Nvidia's China chip cheer

Nasdaq posts latest record close on Nvidia's China chip cheer

By David French

Tue July 15, 2025 4:00 PM

Some very good news from Nvidia that sent the Nasdaq to still another record close and had the index way up in the morning, but still not nearly good enough to offset the first of the week’s economic reports and Q2 which showed, contrary to hopes, that inflation was up and that tariffs were the reason, the first concrete evidence of the tariff effect. It sent all the indexes on a downward slope for the entire session with the Dow in substantial triple-digit losses and the Nasdaq losing almost all of its gains for the day.  

Monday, July 14, 2025

Wall Street ends with modest gains as investors await economic reports

Wall Street ends with modest gains as investors await economic reports

By David French

Mon July 14, 2025 4:00 PM

 

Once again, all the indexes started the day in the red but quickly began a rebound to spend most of the rest of the session in the black, even carving out modest gains all around by close. But it was mostly a day for holding close to the vest as the market continues to sidestep the latest tariff threats and stay on the fence awaiting an onslaught of new reports this week, not the least of which is the beginning of Q2 reporting. As today’s expert put it, “If anything is holding the market back, it’s the fact we’ve had a pretty good run since April.”