S&P 500, Nasdaq close at records; Deckers soars on UGG demand
Fri July 25, 2025 4:22 PM
Based on continued optimism over completing trade deals, especially now with the EU as they plan to meet with Trump on Sunday for more talks. This lead more movement straight up, especially on the Dow where 2/3 of yesterday’s losses were recovered, but also modest gains on both the S&P and Nasdaq, thus putting both once again at record levels. All three indexes posted very respectable gains for the week from 1% to 1.5% with the S&P hitting a new record each day, something that hasn’t happened on any index for nearly four years.
However, there is a note of caution per today’s expert, “The market has been anticipating that the trade deals are going to get done. You’ve got to be careful because if they don’t get done, there is more room for disappointment than upside.” Ain’t it the truth! Coming next week is the monthly Fed meeting and Q2 reporting from four more of the Magnificent Seven. With today’s gains, Q2 S&P earnings growth has been raised to 7.7% vs 7.5% Wednesday vs 7% last week. Volume came in at 17.7 billion, very close to the 18.1 billion of the last four weeks.
DJ: 44,693.91 -316.38 NAS: 21,057.96
+37.94 S&P: 6,363.35
+4.44 7/24
DJ: 44,901.92 +208.01 NAS: 21,108.32
+50.36 S&P: 6,388.64
+25.29 7/25
No comments:
Post a Comment