US EditionS&P 500 and Nasdaq notch record high closes, lifted by Alphabet
UNITED STATES, JUL 21 – Tech giants including Alphabet, Amazon, and Apple led the S&P 500 and Nasdaq to record closes as 83% of companies beat earnings estimates, fueling AI-driven growth optimism.
- On Monday, July 21, 2025, Alphabet powered markets to record closing highs, as the S&P 500 and Nasdaq Composite surged on strong tech gains.
- Amid looming Aug. 1 tariff deadline, investors turn to Q2 earnings season with most firms beating estimates.
- FactSet data shows valuations above long-term averages, with the expected 12-month P/E ratio at 22.2.
- According to Gene Goldman, chief investment officer at Cetera Investment Management, 'Much of the good news appears to be priced in, leaving little margin for error,' adding 'Markets may have rallied too far, too fast.'
- According to Wells Fargo Securities, Christopher Harvey forecasts the S&P 500 will end the year at 7,007, an 11% increase, while Goldman Sachs projects a 4% gain to about 6,600.
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After a sobering start to the week, the DAX is unlikely to get out of the cover even today. The reporting season, in which the focus today is mainly on SAP figures, could be a cause for movement.
CambridgeToday.ca
S&P/TSX composite loses steam through the trading day, U.S. stock markets mixed
TORONTO — Canada's main stock index lost steam throughout the trading day Monday to close just a few points higher amid a rotation into defensive sectors, while U.S. markets were mixed. The S&P/TSX composite index was up 2.99 points at 27,317.00.
S&P 500 and Nasdaq notch record high closes, lifted by Alphabet
The S&P 500 and the Nasdaq notched record high closes on Monday, lifted by Alphabet and other megacaps ahead of several earnings reports this week, while investors bet on potential trade deals to blunt economic damage from the Trump administration's global tariffs.
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