Indexes rise, boosted by Nvidia record valuation, strong Delta forecast
By Sinéad Carew and Pranav
Kashyap
Thu July 10, 2025 6:15 PM
It was pretty much a shot straight up on all the indexes except for the Nasdaq which began the day heavily in the red but began a recovery around 10 a.m. and continued on the rise breaking even around 1 pm and gaining 19. But it was another handsome 3-digit gain on the Dow. Since both the S&P and Nasdaq had already registered new record highs, today was yet another record high for both. Major boosts today came from Delta which issued its yearly profit forecast which exceeded estimates and provided some more optimism.
There was also a very tame unemployment report which showed fewer jobless claims than forecast. And there was Nvidia now officially breaking the $4T mark and becoming history’s most valuable company. So appetite is again very much risk-on and the odds of a September rate cut have grown to 64%, all while investors continue to shrug off the tariff threats. The wild card now is Q2 reporting which starts next week and will determine whether companies really are weathering the tariff storm. Once again, volume came in just a tad below the 4-week average of 18.3 billion, coming in at just under 18.2 billion.
DJ: 44,458.30 +217.54 NAS: 20,611.34
+192.87 S&P: 6,263.26
+37.74 7/9
DJ: 44,650.64 +192.34 NAS: 20,630.67
+19.33 S&P: 6,280.46
+17.20 7/10
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