S&P 500 Hits Fifth Consecutive Record Close Amid Global Trade Optimism

The S&P 500 achieved its fifth consecutive record closing high this week, finishing at 6,388.64 points, driven by strong corporate earnings and optimism surrounding trade agreements, including recent deals with Japan, Indonesia, and the Philippines. The Nasdaq Composite also reached new all-time highs, supported by gains from major companies like Alphabet and Verizon, though Intel's significant losses and layoffs weighed on the tech sector. Investor confidence was bolstered by progress in trade talks, with President Trump preparing to meet European Commission President Ursula von der Leyen amid hopes for a US-EU agreement. The Dow Jones Industrial Average rose as well, posting a weekly gain supported by robust earnings from companies such as Deckers and Edwards Lifesciences. Meanwhile, the Cboe Volatility Index (VIX), Wall Street’s fear gauge, dropped to its lowest level since February, reflecting reduced market uncertainty. Investors are now turning their focus to the upcoming Federal Reserve meeting and an earnings calendar featuring major tech firms like Apple, Meta, and Microsoft.