Stock indexes are up today, with S&P 500 and Nasdaq 100 hitting record highs. Microsoft and Meta Platforms’ strong earnings results boost tech stocks. Mixed economic news shows resilient labor market but weak consumer spending. UnitedHealth Group’s downgrade weighs on Dow. US weekly initial unemployment claims rose slightly.

US Jun personal spending and income figures released. US core PCE price index rose, exceeding expectations. US Q2 employment cost index and Jul MNI Chicago PMI show positive trends. President Trump announces tariffs on South Korea imports and nearing trade deals with Taiwan, Thailand, and Cambodia.

Markets await news on new trade deals before Friday’s deadline. Fed funds futures suggest 40% chance of rate cut in September. Earnings season intensifies with 38% of S&P 500 companies reporting this week. Apple and Amazon to report after market close. Early results show S&P 500 earnings exceeding expectations.

Overseas markets mixed, Euro Stoxx 50 and China’s Shanghai Composite down, Japan’s Nikkei Stock 225 up. T-notes rise on positive factors. European government bond yields lower. German Jul unemployment change and CPI figures released. ECB rate cut chances estimated at 11%.

US stock movers: Meta Platforms, Microsoft, eBay, Carvana, CH Robinson Worldwide, Norwegian Cruise Line Holdings, Huntington Ingalls Industries, Western Digital, CVS Health. Align Technology and ARM Holdings Plc lead losers. Earnings reports for various companies scheduled for 7/31/2025.

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