Particle.news

Download on the App Store

S&P 500 and Nasdaq Reach Record Highs as Q2 Earnings and Tariff Deadline Loom

Verizon’s robust quarterly beat has bolstered gains, setting the stage for a wave of Q2 earnings ahead of an unmoved August 1 tariff deadline

Archivo - Señal de la Bolsa de Madrid frente a la fachada del edificio, en Madrid (España)
Image
Image
Image

Overview

  • The S&P 500 rose to 6,305.6 points and the Nasdaq Composite climbed to 20,974.18, while the Dow Jones Industrial Average slipped slightly to 44,323.07
  • Investors are focusing on the start of a heavy Q2 reporting season with 111 S&P 500 companies due to publish results, and Verizon shares jumped over 4% after beating expectations
  • Commerce Secretary Howard Lutnick described the August 1 deadline for potential U.S. tariffs on EU goods as “immovable,” keeping traders on edge over trade policy
  • Mexico’s IPC fell 0.45% to 56,021.98 as local markets held back ahead of second-quarter earnings, and Spain’s Ibex 35 opened flat near 13,900 points before the ECB meeting
  • Oil futures for WTI and Brent eased about 0.8% to roughly $67 and $68.70 per barrel on forecasts that new EU sanctions on Russia will have limited supply impact