08/07/2025
July delivered big wins for U.S. markets as trade agreements and stellar Q2 earnings pushed the Nasdaq above 21,000 for the first time. While the Fed held rates steady, consumer spending powered the economy to 3% growth. Back-to-school season is here - families are expected to spend nearly \$39 billion getting kids ready for the new academic year.
Stocks rode the wave of trade developments and Q2 corporate results to advance last month, pushing market averages to multiple record highs.