US EditionStock Market Live July 24: Tech Earnings May Keep S&P 500 (VOO) Above Water on Thursday
UNITED STATES, JUL 24 – Strong tech earnings helped 83% of S&P 500 companies beat expectations, while new U.S. trade deals boosted market confidence, driving multiple record highs this week.
- U.S. stocks closed mostly higher at the New York Stock Exchange on Thursday, with the S&P 500 and Nasdaq Composite hitting record highs as strong Alphabet earnings underpinned gains.
- Earlier this week, President Donald Trump announced a `massive` trade deal with Japan including 15% `reciprocal` tariffs, while recent trade deals with U.S. trading partners boosted market optimism.
- Futures pointed higher as S&P 500 futures rose 0.1%, with the Nasdaq Composite marking three record closes this week after surpassing 21,000 on Wednesday.
- With the Aug. 1 tariff deadline looming, investors are awaiting further trade announcements, and next week the Federal Reserve will meet to consider lowering interest rates.
- The S&P 500 has risen about 1.1% week to date alongside the Nasdaq’s near 1% gain, a rally underpinned by strong tech earnings including Alphabet's better-than-expected report this past week.
32 Articles
32 Articles
US stock futures largely steady after record run for S&P 500, Nasdaq
NEW YORK: Wall Street futures were largely unchanged on Friday, as investors caught their breath after record closes for the S&P 500 and the Nasdaq and looked for clarity on US trade talks before the August 1 tariff deadline. © New Straits Times Press (M) Bhd
Much of Wall Street maintained its momentum amid the good results of many corporate groups
The second quarter of the profit season is booming with more positive than negative surprises. According to the original report, analysts had reduced expectations due to President Trump's tariffs, high stock ratings and economic uncertainty in the US. This week, 112 S&P 500 companies, including GM, Coca-Cola, Alphabet and Tesla, are reporting results. Forecasts for the S&P 500 IndexLast Friday, FactSet data indicated that, with 12% of the S&P 50…
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