Records on Wall Street

The S&P 500 and Nasdaq Composite ended at record highs, with the S&P 500 up zero point four percent to six thousand three hundred eighty-eight point six four and the Nasdaq zero point two percent higher at twenty-one thousand one hundred eight point three two. The Dow Jones Industrial Average rose zero point five percent to forty-four thousand nine hundred one point nine two. Year to date, the S&P 500 has risen about eight percent and the Nasdaq nearly nine percent.

Drivers

Gains were supported by optimism that the United States could reach a trade agreement with the European Union, following recent deals or progress signals with other partners, alongside stronger-than-expected corporate earnings. Alphabet and other large technology companies contributed to the advance. Verizon’s upgraded profit outlook also supported sentiment.

Corporate movers

Deckers Outdoor rose between eleven percent and fifteen percent after reporting a stronger-than-expected quarter, with revenue growth driven by the Hoka and UGG brands. Reported figures included year-over-year revenue growth of about seventeen percent, with Hoka up roughly twenty percent and UGG up about nineteen percent for the most recent quarter disclosed.

Intel fell after posting a quarterly loss and announcing job cuts and project cancellations. Edwards Lifesciences advanced more than five percent on broad product strength. Newmont gained amid a share repurchase announcement despite softer gold prices. Charter Communications declined after reporting subscriber losses.

Macro and policy backdrop

Treasury yields were little changed, with the ten-year yield around four point three eight percent. Investors continued to monitor communications from the Federal Reserve ahead of upcoming policy decisions. The US dollar strengthened against major currencies, while oil and gold prices edged lower. Asian equity markets were mixed as participants awaited further clarity on US trade negotiations.

Context

The S&P 500 notched multiple record closes during the week, helped by ongoing earnings season upside surprises and expectations that tariff and trade uncertainties could ease if additional agreements are reached.