The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings.
Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the August 1 tariff deadline, although negotiations with Canada stalled.
Strong earnings from Alphabet and Verizon lifted sentiment, while Intel weighed on the tech sector after warning of losses and announcing layoffs. Traders also turned their attention to next week's Federal Reserve meeting and a busy earnings calendar featuring Apple, MetaTrader, and Microsoft. The Dow posted a weekly gain of 1.3%, while the Nasdaq and S&P 500 rose 1.2% and 1.6%, respectively. (alg)
Source: Trading Economics
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