Nasdaq posts record closing high with tech gains, rate cut optimism
Fri August 8, 2025 5:12 PM
Just as yesterday was a path straight down, today was a path straight up with the Dow and Nasdaq climbing to 3-digit gains, the Nasdaq at another new record close for the second day and the S&P just shy of another. It could be just another day of bargain hunting or it could be investors still reacting to yesterday’s good news from Apple. Add to that the spate of weak economic data which now has the market giddy over a virtual certainty of a September rate cut.
There’s also the fact that 90% of the S&P has now reported which today has bolted Q2 earnings growth to a whopping 13.2%, quite the variance from the 5.8% July 1. Of course, tariff uncertainty still weighs and now investors must also evaluate Trump’s interim choice for the newly empty Fed seat and who he may have on the short list to try to replace Powell in May. For the week, all three indexes gained from 1.3% on the Dow to 3.9% for Nasdaq. Volume is still suppressed coming in at 16.18 vs the average of 18.27 billion.
DJ: 43,968.64 -224.48 NAS: 21,242.70
+73.27 S&P: 6,340.00
-5.06 8/7
DJ: 44,175.61 +206.97 NAS: 21,450.02
+207.32 S&P: 6,389.45
+49.45 8/8
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