Overview

• On July 10 the S&P 500 rose about 25 points to 6,289.04, marking a 52-week high and closing just shy of its July 3 record
• The Nasdaq Composite reached 20,646.66, a 52-week peak fueled by robust technology sector performance
• The Dow briefly traded above 44,770, extending its months-long ascent that began in early 2025
• President Trump’s move to impose 50% tariffs on copper and Brazilian imports effective August 1 did not slow the market rally
• Nvidia’s milestone $4 trillion market capitalization reinforced investor confidence in AI-driven chip stocks