S&P 500 and Nasdaq notch record closes, lifted by Alphabet
By Noel
Randewich and Pranav
Kashyap
Thu July 24, 2025 4:29 PM
A very strong Q2 report from Google, attributed again to AI, boosted all of tech and especially the other Magnificent Seven. Both indexes were up most of the day, the Nasdaq up around 100 as late as 3:30 p.m. but then both it and the S&P fell suddenly in the final half hour but still closing with modest gains. Besides the good Q2 reports and renewed optimism about trade agreements, unemployment claims came in lower than expected once again clarifying the resilience of the labor market.
Again, with tech ending in the black, both the S&P and Nasdaq once again reached new record heights. The VIX was up and down like crazy all day but ending in a wash, but again clarifying that uncertainty is a major issue and that it’s due to the trade wars. Despite these fluctuations, the VIX index remains just above 15, which is considered normal. Volume was brisk at 19.9 billion, considerably above the 17.8 average.
DJ: 45,010.29 +507.85 NAS: 21,020.02
+127.33 S&P: 6,358.91
+49.29 7/23
DJ: 44,693.91 -316.38 NAS: 21,057.96
+37.94 S&P: 6,363.35
+4.44 7/24
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