Overview

• Major U.S. equity benchmarks hovered near all-time highs at Friday’s close, marking a third winning week in four.
• Netflix shares fell over 5% after reporting record Q2 revenue and EPS but warning of lower operating margins in the second half.
• President Trump said he will notify more than 150 countries of proposed 10–15% tariff rates and touted impending trade deals with India and Europe.
• San Francisco Fed President Mary Daly signaled support for two rate cuts by year-end while Fed Governor Adriana Kugler argued rates should remain on hold amid inflation concerns.
• June retail sales rose 0.6% month-over-month and weekly jobless claims fell to a three-month low of 221,000, underscoring consumer and labor-market resilience.