Stock indexes rose today on signs of a resilient US economy, with the S&P 500, Dow Jones, and Nasdaq all up. The July ADP employment change saw a strong increase of +104,000, beating expectations. Q2 GDP also expanded more than expected, leading to positive economic activity. Markets await the FOMC meeting results and earnings reports from Microsoft and Meta Platforms.

US GDP in Q2 rose +3.0%, surpassing expectations. The Q2 core PCE price index also exceeded expectations, rising +2.5% q/q. However, US MBA mortgage applications fell -3.8% in the week ending July 25, with the average 30-year fixed rate mortgage dropping slightly.

President Trump announced tariffs on India and hinted at additional penalties. The markets are focused on upcoming trade deals and expect the Fed to maintain the fed funds target range. Economic data for the week includes jobless claims, employment cost index, personal spending and income, PCE price index, manufacturing index, and consumer sentiment index.

Teradyne, Marvell Technology, VF Corp, and more are top gainers in stock movement. Companies like Check Point Software and Palo Alto Networks are experiencing losses. This week is busy for earnings reports, with companies like Microsoft, Meta Platforms, Apple, and Amazon.com sharing results. Oversee markets are mixed, with Euro Stoxx 50 up +0.29% and China’s Shanghai Composite reaching a 9.5-month high.

Interest rates saw fluctuations, with T-notes falling and yields rising due to strong US economic data. European government bond yields moved lower. Eurozone GDP and economic confidence improved. Swaps predict a low chance of a rate cut by the ECB. Earnings reports from a variety of companies are expected on July 30, 2025.

Read more at Yahoo Finance: Stocks Supported by Signs of a Resilient US Economy