S&P 500, NASDAQ Reach for New Records. Dow Isn't Far Behind.
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US stock futures rose slightly on Friday (July 18) after the S&P 500 closed at a record high in the previous session, with major indexes on pace to end the week in positive territory. Futures tied to the S&P 500 and Nasdaq-100 each ticked up 0.
Just a day after the S&P 500 and Nasdaq climbed into record territory, both indexes notched fresh intraday highs on Friday. However, weakness in American Express ( AXP) and 3M ( MMM) dragged on the Dow, leaving markets muted as a whole.
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
Dow Jones pulled back as 3M declined by 4.2%. The stock found itself under pressure despite the strong earnings report. Traders decided to use the report as an opportunity to take profits near yearly highs.
The Dow Jones Industrial Average (DJIA) wobbled on Friday, testing fresh weekly highs on consumer sentiment and inflation expectations data. However, the Dow backslid after earnings misses in key overweight companies dragged the index sharply lower to round out the trading week.
Not a good day for markets today, but not a terribly bad one either. Stocks were down almost across the board on Friday, with the S&P 500 down 0.1%, the Dow Jones Industrial Average down 0.5%, and the Nasdaq Composite flat.
US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.
Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.