S&P 500, NASDAQ closes record highs in trade deal hopes
All three major US stock indexes recorded weekly profits, confirming that the technological Nasdaq has entered the bull market since the trough on March 8th “liberation day” .
US stock futures are low after posting a second quarter of a star that saw high on record for the Broad S&P 500 and high-tech powered Nasdaq in each of the last two days of the month.
Having pushed stocks to the best quarter in over a year, the Larry fueled more trade deal optimism after recent advances with China and Canada and the passing of one big beautiful bill.
At 6am, futures linked to the Blue Chip Dow slipped -0.12%, S&P 500 futures fell -0.26%, and Nasdaq futures fell -0.35%.
Once the market is opened, investors can get a glimpse into how the job market operates. Job openings and labor turnover investigations (Jolts) have a deadline of 9am. The report tracks separations such as recruitment, employment, resignation, layoffs and more.
Corporate News
- Progress Software’s second quarter sales missed analysts’ forecasts, but the company’s earnings per share rose.
- Aerovironment plans to sell $750 million in common stock and $600 million in convertible senior notes by 2030.
- According to Reuters, Circle Internet Group has submitted a bank charter application to the office of the Secretary of Currency.
Medora Lee is a money, market and personal finance reporter for USA Today. mjlee@usatoday.com and Subscribe to our free daily money newsletter Personal finance tips and business news every Monday to Friday.
