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.
But the biggest boost of all were the very strong retail sales numbers bouncing back sharply and lending credence to the solidity of the economy and the consumers willingness to keep spending. Oddly, despite all this, the odds for a September rate cut today fell from 60% to 54%. Overall though both the S&P and Nasdaq closed once again at still new records. Even the industrials index enjoyed a new record with the Dow correspondingly reaching another very respectable 3-digit gain. Per the CBOE, volume came in at 18.5 billion, above the 17.5 average.
DJ: 44,254.78 +231.49 NAS: 20,730.49
+52.69 S&P: 6,263.70
+19.94 7/16
DJ: 44,484.49 +229.71 NAS: 20,885.65
+155.16 S&P: 6,297.36
+33.66 7/17
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