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Japan trade deal could further fuel US stock surge
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Stock market today sees S&P 500 near record highs as Alphabet rises 3.5% and Tesla slides. Dow drops on IBM miss.
US stocks closed mixed Tuesday, but the benchmark S&P 500 (^GSPC) was able to eke out a new record as Wall Street digested a new batch of earnings, including a tariff warning from General Motors (GM),
Investors held onto hopes that the U.S. and Japan’s trade agreement could lead to a tariff breakthrough with other countries, and pushed the S&P 500 and Nasdaq Composite to fresh record highs.
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Six months into President Donald Trump’s second term, a quick glance at the stock market offers a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month.
Retail investors are largely behind the stock market reaching new records, buying $50 billion in stocks in the last month alone, Barclays estimated.
Wall Street's reliance on a small number of high market-value stocks to keep momentum going for the U.S. equities bull market will be tested in coming days as major technology and growth companies report earnings.
It's not that the stock market hasn't moved. We've seen several new all-time highs, and the S&P 500 is up by 1.6% in July so far. While 1.6% might not seem like much, it works out to more than 20% annualized. If your portfolio made 1.6% every month, you'd be very happy.
The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,993 level, a discount of nearly 102 points from the Nifty futures’ previous close.
American Eagle Isn’t a Meme Stock. There’s a Good Reason the Market Is Excited About Sydney Sweeney.
American Eagle Outfitters tries to tout its position as a top jean brand for Gen Z consumers with Sydney Sweeney campaign.