The S&P 500 Index hit new intraday (6,304.69) and closing highs (6,297.36), while the Nasdaq Composite ended at a fresh peak for a fourth straight session.
U.S. equities climbed on Thursday, with the S&P 500 briefly testing a record high 6,300 level at midday in New York, bolstered by strong earnings and upbeat retail sales data that reinforced investor risk appetite.
The Nasdaq Composite extended its record-setting streak to three straight sessions, while the broader S&P 500 Index closed within 20 points of a record high.
Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independ
Trump reportedly discussed the idea on Tuesday night after the House Republicans blocked a procedural vote that would have advanced cryptocurrency legislation.
Trump stated that 20 leading technology companies have collectively announced the “largest package” of $92 billion in investments in Pennsylvania's history.
The Nasdaq 100 surged to fresh record highs on Tuesday, breaking above the 23,000 mark as Nvidia Corp. (NASDAQ:NVDA) and other chipmakers powered a sharp rally.
Putin will reportedly not stop the war under pressure from President Donald Trump and believes Russia can endure further economic hardship, including threatened U.S. tariffs targeting buyers of Russian oil, unless his terms for peace are met.
U.S. equities traded sideways on Monday as investor sentiment wavered following President Donald Trump's weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set to take effect August 1.
During the meeting with NATO Secretary General Mark Rutte, President Trump explained that while the U.S. would be manufacturing the weapons, NATO would be paying for them.
Stocks closed the week ended July 11 on a down note despite the S&P 500 Index and the Nasdaq Composite hitting new highs on Thursday before easing off those levels.
Wall Street is poised to conclude the week on a cautious note, with equities easing on Friday after President Donald Trump signaled a more aggressive trade stance.
Rubio also met with Chinese Foreign Minister Wang Yi on the sidelines of the ASEAN summit, describing the meeting as “constructive” and noting that both sides agreed to maintain dialogue and manage their differences.
Bitcoin’s rally wasn’t enough to keep Robinhood shares in the green after Florida’s Attorney General opened an investigation into the firm over alleged ‘deceptive’ low-cost trading practices.
FactSet said in a report released last week that the year-over-year earnings growth of S&P 500 companies would be 5%, marking the smallest increase since the fourth quarter of 2023.
