Nasdaq, S&P 500 Hit Records on US-EU Trade Deal

The Nasdaq Composite closed at a record high of 21,178.58, marking its 14th record close in July and its longest winning streak since July 2025, with gains in 21 of the last 25 trading days. Both the Nasdaq and S&P 500 reached new record highs, buoyed by a U.S.-EU trade agreement that reduced proposed tariffs to 15% and included significant EU commitments to purchase U.S. energy and invest in the American economy. The Dow closed slightly lower, reflecting ongoing investor caution. Market gains were led by energy and semiconductor stocks, driven by optimism from the trade deal and rising oil prices, though advances remained concentrated in large-cap tech companies. Investors remain alert amid ongoing U.S.-China trade talks and ahead of a key Federal Reserve policy decision, where rates are expected to remain unchanged. Focus is also on upcoming major tech earnings and the next jobs report, both of which may impact market direction.