Market Update | July 21st - July 25th

Indexes

Let's start with everybody's favorite indexes. With more and more positive economic data paired with trade deals, the market is looking up, up, up! The Nasdaq, S&P 500, and Dow Jones all gained over 1% this past week, with both the Nasdaq and S&P 500 touching all-time highs. It's safe to say that the market is looking strong.

Crypto

This past week, crypto remained stable after quite the rise in previous weeks. Bitcoin, which makes up over 50% of the crypto market cap, gained around 0.1% more value.

Commodities

This past week, silver (lil bro) took the lead ahead of gold (big bro), gaining over 2.5%, while gold rose a mere 0.4%. Oil prices saw a slight fall, dropping 3%. This could be attributed to tensions rising in the Middle East.

Events

U.S.-Japan Trade Dea

lOn July 22nd, Japan signed a massive trade deal with the U.S. that gave markets a pretty large boost. The deal: 15% reciprocal tariffs for Japan, and a $550 billion investment pledge, including aircraft and projects around the U.S. After the announcement of such a record deal, markets jumped. The Nasdaq and Dow Jones popped over 1%. Toyota’s indexes, such as the Nikkei, rose over 1.7%.

Tech Earnings Stir Volatility

Alphabet and Intel (two tech powerhouses) released their earnings this past week. Alphabet reported strong earnings, boosting sector sentiment. However, Intel reported a rather surprising loss, causing the company to lose around 6% of its stock value. Many other tech companies, such as Tesla, Hilton, and AT&T, released earnings, delivering mixed results.

Trump Visits the Federal Reserve

On July 24th, President Trump visited the Fed amid ongoing tensions with Fed Chair Jerome Powell. Trump and Powell have been in controversy for what seems to be years over interest rates. Trump has urged Powell over and over to lower rates, while Powell stands his ground, keeping rates steady. Because of these tensions, Trump has threatened again and again to fire Powell from his position. During the visit, however, Trump announced that he would shy away from removing Powell from the Fed.

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What are you excited for this week in the market?