S&P 500, Nasdaq end at record highs as data, earnings point to consumer strength
UNITED STATES, JUL 21 – Strong earnings from major companies and a 0.6% rise in US retail sales drove the S&P 500's ninth record high this year, reflecting resilient consumer demand despite tariff concerns.
- On July 17 in New York, the S&P 500 rose 0.5% to 6,297.36 and the Nasdaq Composite gained 0.7%, marking fresh all-time highs.
- US consumer spending rebounded, with June retail sales climbing 0.6% to US$720.1 billion, reversing May’s 0.9% decline, and ex-autos rising 0.5%.
- According to FactSet data, over 86% of S&P 500 companies beat expectations, and Nvidia’s shares nearly doubled since April on AI chip demand.
- In sector moves, Charles Schwab up 3.1%, Regions Financial rising 4.5% and Comerica adding 1.7%.
- Looking ahead, the Fed meeting on July 30 carries heightened political stakes, and the Trump administration plans steeper import duties from Aug. 1.
173 Articles
173 Articles
Times-Standard
Wall Street points toward gains before the opening bell and another busy week of corporate earnings
By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers Wall Street was poised to open with gains Monday ahead of a busy week of corporate earnings reports. Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq were all up more than 0.2% before the bell. Markets have stabilized since spring, when President Donald Trump’s tariff announcements and pullbacks sent markets swinging wildly from day-to-day and sometimes hour…
Dow futures turn higher as investors brace for a big week of earnings, housing market data and Jerome Powell
Markets were little changed on Sunday ahead of a busy week for investors, who can expect another flood of corporate earnings, economic data and comments from central bankers. Meanwhile, upper-house parliamentary election results from Japan could ripple through global bond markets and jolt U.S. Treasury yields. U.S. stocks signaled a calmness on Sunday night that belied a busy week ahead that includes a flood of corporate earnings, economic data …
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