U.S. equities capped their strongest week since June, with technology heavyweights sending the Nasdaq indexes to fresh records and lifting the S&P 500 to within a whisker of 6,400. The Nasdaq Composite climbed 1.0% Friday to a record-setting 21,451.42, while the Nasdaq 100 also finished at an all-time high. The S&P 500 added 0.8% to a record 6,389.75, and the Dow Jones Industrial Average advanced 0.5% to 44,188.33. Apple Inc. led the charge after Chief Executive Officer Tim Cook appeared alongside President Donald Trump at the White House to unveil plans for an additional $100 billion investment in U.S. manufacturing, bringing the company’s four-year domestic commitment to $600 billion. The announcement helped Apple shares surge 13% for the week, closing Friday at $229.35—its biggest weekly gain since July 2020—and added roughly $400 billion to its market capitalization. Broader sentiment was bolstered by better-than-expected second-quarter earnings, hopes that Washington and Moscow may move toward a cease-fire in Ukraine, and growing expectations of monetary easing. Futures linked to the federal-funds rate imply about a 90% probability that the Federal Reserve will start cutting rates in September, even as higher tariffs on imports took effect this week. The yield on 10-year Treasuries rose three basis points over the week to 4.28%.
Apple has its best week since July 2020 after White House visit https://t.co/yv30eYDbua
Stock market showed bullish momentum last week with Nasdaq reaching a record high. Key tech stocks including Google, Tesla, and Apple indicated buy signals. Dow Jones futures also rose. $TSLA $AAPL
Oso Toro | Wall Street cerró su mejor semana desde junio, gracias al avance de Apple y la expectativa de un acuerdo entre EE.UU. y Rusia para frenar la guerra en Ucrania. Conoce más: https://t.co/GjcnzIZnoc https://t.co/LiTddt7BfU