US EditionS&P 500, Nasdaq end at record highs as data, earnings point to consumer strength
UNITED STATES, JUL 17 – Strong earnings from 88% of S&P 500 firms and better-than-expected retail sales and jobless claims fueled record highs for the S&P 500 and Nasdaq, despite inflation and tariffs.
- On Thursday, U.S. benchmarks rose to record highs, driven by better-than-expected economic updates and mixed profit reports.
- For the week ending July 12, jobless claims fell to 221,000, down 7,000 from the prior week, while retail sales jumped 0.6% in June.
- Among top gainers, Nvidia’s market cap topped $4.2 trillion, FactSet reported 88% of S&P firms beat Q2 projections and PepsiCo shares rose 7.6%.
- The two-year Treasury yield ticked up to 3.91% from 3.88% late Wednesday, as the Dow added 229 points and Nasdaq rose 0.7%.
- Having kept rates unchanged this year following last year’s cuts, the Federal Reserve under Jerome Powell plans to await tariff impact data before its next adjustment, though this may limit its flexibility.
107 Articles
107 Articles
SooToday.com
Stocks waver on Wall Street as they head for another winning week
Wall Street is drifting toward the finish of its third winning week in the last four, as more big U.S. companies deliver stronger profits for the spring than analysts expected. The S&P 500 was up 0.
The Fort Morgan Times
Wall Street hangs near records highs with most of the focus on earnings, dealmaking
By TERESA CEROJANO and MATT OTT, Associated Press Markets on Wall Street quietly hovered at record levels before the bell Friday with most of the attention on the latest corporate earnings reports and dealmaking. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all ticked up less than 0.1% before the bell. A day earlier, the S&P 500 topped its all-time high set a week ago and the Nasdaq composite added to its own record set the d…
The Sun (Lowell)
Wall Street drifts near records as it heads for the finish of a winning week
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — Wall Street is drifting on Friday toward the finish of its third winning week in the last four, as more big U.S. companies deliver stronger profits for the spring than analysts expected. The S&P 500 was 0.1% higher in morning trading after setting its all-time high the day before. The Dow Jones Industrial Average was down 107 points, or 0.2%, as of 10:05 a.m. Eastern time, and the Na…
Helping children see themselves in the books they read
Stock futures moved higher on Friday, a day after the S&P 500 posted a record close, as traders digested more earnings. The major U.S. stock benchmarks were also on track to post weekly gains. S&P 500 futures added 0.1%, along with Nasdaq-100 futures. Futures linked to the Dow Jones Industrial Average added 97 points, or 0.2%. 3M shares rose more than 2% on the back of a second-quarter earnings beat. Netflix fell more than 1% in extended trading…
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