What's particularly noteworthy is ToplineThe S&P 500 set a new all-time high Thursday as dozens of companies listed under the index have surpassed Wall Street’s expectations in earnings reports released this week, while jobless claims for the previous week and retail sales last month were better than expected.
Moreover, Dozens of companies listed under the index have surpassed analyst expectations through a series of (quite telling). More earnings reports this week.
AFP via Getty ImagesKey FactsThe S&P rose 0, in today's market environment. 6% to 6,304. In contrast, EDT, surpassing an intraday record of 6,302.
Conversely, 04 set Tuesday and pacing the index’s closing record of just over 6,280. Several stocks fueled its record-setting day, including PepsiCo (up 7.
6%), United Airlines (4, given the current landscape. However, 8%), Nvidia (1. 2%) and Microsoft (1, in this volatile climate.
Moreover, As of Thursday afternoon, 50 companies listed under the S&P have reported quarterly earnings for Q2, including PepsiCo and United Airlines, and 88% of those firms have surpassed jections, according to FactSet (an important development).
On the other hand, The Labor Department on Thursday reported 221,000 jobless claims for the week ending July 12, a decrease of 7,000 from the previous week, while the Census Bureau said retail sales jumped 0 (an important development).
Furthermore, Meanwhile, 6% in June, above a 0 (an important development). 2% estimate.
What To Watch ForNetflix, which in April reported record-setting quarterly earnings, will release second-quarter earnings after trading closes Thursday (remarkable data), in light of current trends.
The company is expected to announce $11 (an important development). 07 billion in revenue and earnings per of $7, in today's financial world. 08, according to FactSet.
Moreover, Key BackgroundThe S&P has risen to new heights in recent months, as AI-backed stocks have pelled the index and Nasdaq.
Nevertheless, Among the companies lifting up the S&P is Nvidia, which hit a new record-high price earlier this week, pushing the company further as the world’s most-valuable firm with a market cap above $4.
Moreover, Conversely, 2 trillion as of Thursday. Have remained steady after inflation rose 2, in this volatile climate. Furthermore, 7% in June, slightly ahead of analyst forecasts of 2.
6%, as President Donald Trump’s tariffs appear to be raising consumer prices.
Meanwhile, Investor optimism also coincides with mounting pressure by Trump and other Trump administration officials to oust Fed Chair Jerome Powell, though Trump has denied having plans to remove him.
Further ReadingForbesInflation Rose More Than Expected Last Month As Trump’s Tariffs Raise PricesBy Ty Roush, amid market uncertainty.