S&P 500 Closes Record Week, Markets Eye Upcoming Earnings & Crucial Trade Talks

The S&P 500 wrapped up a winning week on Friday, hitting another all-time high as strong earnings reports and optimism surrounding international trade agreements fueled investor confidence. The broad market index climbed 0.4%, with the Nasdaq Composite also rising 0.2%, both setting new intraday records. The Dow Jones Industrial Average added 208 points, or 0.47%, nearing its December 4 record close.

All three major U.S. indexes posted weekly gains, with the S&P 500 up 1.5%, the Nasdaq 1%, and the Dow 1.3%. This marks the S&P 500’s 13th record close of 2025, with four occurring this week alone, pushing the index above 6,300 for the first time. The Nasdaq also broke the 21,000 threshold, securing three record closes this week.

The current bull run is largely attributed to a robust earnings season, with over 82% of reporting S&P 500 companies surpassing Wall Street expectations. Notable performers include Alphabet and Verizon, whose shares surged following better-than-expected results.

Adding to market momentum, President Donald Trump announced a significant trade agreement with Japan this week and reached a framework deal with Indonesia. Looking ahead, Trump anticipates more deals before the August 1 tariff deadline, with a key meeting scheduled for Sunday in Scotland between him and European Commission President Ursula von der Leyen to discuss trade.

Investors are now bracing for the busiest week of earnings season, with over 150 S&P 500 companies, including tech giants like Meta Platforms and Apple, set to release quarterly results. The Federal Reserve is also scheduled to meet next week, with expectations for interest rates to remain stable at their current target range of 4.25% to 4.5%.

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