The S&P 500 has consistently reached new all-time highs from late June through July 2025, culminating in record closing levels alongside the Nasdaq. The index climbed to 6,281 points on July 3 and slightly higher to 6,280 points on July 10, marking a strong upward trajectory. This rally represents the best quarterly performance for both the S&P 500 and Nasdaq in over a year, driven by investor optimism fueled by hopes for trade agreements and potential interest rate cuts. Strong economic data and robust earnings reports, indicating sustained consumer spending, further supported these gains. On July 21, U.S. futures surged to all-time highs ahead of a major earnings week, with the S&P 500 and Nasdaq reaching new intraday record highs. Since the April 2025 low, the S&P 500 has advanced more than 30%, marking one of the most impressive three-month runs in stock market history.