S&P 500 Hits Record Close as U.S. Futures Rise on Earnings, Economic Data

U.S. stock futures edged higher following a strong day for Wall Street, where the S&P 500 reached a new all-time high driven by upbeat earnings reports and robust economic data. Major companies like PepsiCo, United Airlines, Johnson & Johnson, and several U.S. banks reported better-than-expected profits, contributing to positive market sentiment. Economic indicators showed retail sales rebounded strongly in June, and initial jobless claims fell to a three-month low, supporting the view of a resilient economy with sustained consumer spending. Despite these gains, concerns remain about the impact of President Donald Trump's tariffs, which have introduced uncertainty in sectors such as chipmaking, exemplified by ASML's warning of potential growth challenges due to geopolitical and macroeconomic factors. Treasury yields eased after inflation data indicated a larger-than-expected slowdown at the wholesale level, further supporting stocks. Investors are now awaiting additional earnings reports and Consumer Sentiment data to gauge the market's trajectory.