Equity Alert
S&P 500, Nasdaq Composite end at all-time highs Monday
This story was originally published at 08:01 IST on 22 July 2025
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Equity Alert: S&P 500, Nasdaq Composite end at all-time highs Monday
MUMBAI--0739 IST--The S&P 500 and the Nasdaq Composite ended Monday's session at record closing highs, mainly due to upbeat earnings for the June quarter. The S&P 500 closed slightly higher at 6305.60 points. The Nasdaq gained 0.4% to end at 20974.18 points while the Dow Jones Industrial Average declined marginally to 44323.07 points.
Among the Magnificent Seven stocks, Alphabet and Tesla will be the first to declare their results on Wednesday. Their results will likely set the tone for other heavyweight companies reporting earnings in the next several days, Reuters reported. Alphabet closed 2.7% higher while Tesla closed marginally lower. Other heavyweights such as Apple and Amazon closed 0.6-1.4% higher, lifting both the S&P 500 and Nasdaq indices, Reuters reported.
"Analysts on average expected S&P 500 companies to report a 6.7% increase in earnings for the second quarter, with Big Tech driving much of that gain," Reuters said, citing data from LSEG. Verizon closed over 4% higher after the telecommunications company increased its annual profit forecast. "So far, companies that have reported have, in general, met or beat guidance from the prior quarter, and we haven't seen any degradation either in corporate profits or consumer spending," Tom Hainlin, national investment strategist at US Bank Wealth Management, was quoted as saying by Reuters.
Investors will also look for cues on an interest rate cut in Federal Reserve Chair Jerome Powell's speech in Washington later in the day. Traders have largely ruled out the possibility of a rate cut in July, and now see a greater than 50% chance for the Fed to cut by its September meeting, according to CME Group's FedWatch tool.
Following are the closing levels of US indices Monday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44323.07 | (-)0.04 |
| NASDAQ Composite | 20974.18 | 0.38 |
| S&P 500 | 6305.6 | 0.14 |
(Gopika Balasubramanium)
End
US$1 = INR 86.29
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Ashish Shirke
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