S&P 500 Index ($ SPX) (SPY) closed on Monday +0.02%, Dow Jones Industrial Index ($ Dowi) (Dia) -0.14%shut down, and NASDAQ 100 Index ($ IUXX) (QQQ) +0.36%closed. September E-Mune S&P Fuxures (ESU25)-0.02%and September E-Mune Nasdaq Futures (NQU25) increased +0.35%.
The stock index settled with new record high postings with most higher, S&P 500 and Nasdaq 100 on Monday. Positive Trade News pushed more shares on Monday after the European Union (EU) and the US reached a trade deal on Sunday, which would look at the European Union face tariff of 15% on most of its exports, which is less than the previous threats from Tariff President Trump. The stock has increased even after the South China Morning Post that the US and China are expected to expand their tariffs for another 90 days since August 12, when US Treasury Secretary Besant and Chinese Vice Premier He finds lifestyle in Stockholm.
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The stock returned from its best levels on Monday after a poor demand for a $ 70 billion auction of 5-year-old T-notes of Treasury and the yield of bonds was more pushed and a long-term liquidity in equity. Bond yields also increased after the treasury extended its Q3 borrowing estimates to $ 554 billion to an April $ 1.01 trillion, which could motivate the Treasury to promote the sale of government debt securities.
After the July Dallas Fed Manufacturing Outlook Survey, Monday’s US economic news was an assistant to stocks, which increased to 6 months high in 6 months of 0.9 to 6.9.6.
This week, the markets will focus on any news of new trade deals before Friday’s deadline. On Tuesday, the inauguration of a June job job is expected to fall from -219,000 to 7.55 million. In addition, on Tuesday, the conference board is expected to climb the US July Consumer Confidence Index +3.0 to 96.0. In addition, the 2-day FOMC meeting begins on Tuesday, and the Fed is expected to keep the Fed Fund Target range from 4.25% to 4.50% unchanged. On Wednesday, Jul ADP employment change is expected to climb +80,000. In addition, on Wednesday, the Q2 GDP expansion +2.4% (Q/Q annual) and Q2 core PCE Price Index Q1 is expected to be reduced to +3.5% to +2.3%. On Thursday, early weekly unemployment claims are expected to increase by 6,000 to 223,000, and the Q2 employment cost index is expected to increase by 0.8%. In addition, June personal expenses +0.4% m/m are expected to climb and Jun Personal Income +0.3% m/m is expected to increase. In addition, June core PCE Price Index, Fed’s favorite inflation gauge, +0.3% m/m and +2.7% y/y are expected to climb. Finally, on Thursday, July MNI Chicago is expected to grow from PMI +1.6 to 42.0. On Friday, July nonform payroll is expected to increase +109,000 and July unemployment rate is expected to increase from +0.1 to 4.2%. In addition, Jul is expected to earn average average per hour +0.3% m/m and +3.8% y/y. In addition, the Jul ISM manufacturing index is expected to increase from +0.2 to 49.5. Finally, the University of Michigan is expected to be unpublished at the July Consumer Affairs Index 61.8.
President Trump is awaiting the August 1 time limit for business deals to avoid high tariffs. On 16 July, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, informing them that his tariff may be 10%or 15%, effective from August 1. As an update, Mr. Trump said last Wednesday, “We have a straight, simple tariff anywhere between 15%and 50%,” an indication that the floor for the tariff will not be 15%.
Federal Fund futures prices are offering a discount of 63% in the following meeting for a 3% deduction in Tue/Wed FOMC meeting and 63% in the following meeting on 16-17 September.
This week shuts down the busiest week of earnings, reporting quarterly earnings with 38% shares in S&P 500, doubled the amount mentioned last week. The results of the earnings of a brilliant seven members will be in front and centers, with Microsoft and Meta platforms reporting and Apple and Amazon.com on Thursday. Initial results suggest that according to Bloomberg Intelligence, the S&P500 income is on track to increase +4.5% for the second quarter, +2.8% y/y is better than pre-seasons. About one -third S&P 500 firms reported, about 82% of the benefits are higher than estimates.
Foreign stock markets mixed on Monday. The Euro Stoxx 50 fell down to 2 -wealth and closed down -0.27%. China’s Shanghai Composite +0.12%shut down. Japan’s Nikkei stock shut down 225 -1.10%.
Interest rates
September 10-Year T-Nots (Znu25) closed-7 ticks closed on Monday. The yield of 10 years T-Note is 4.404%from +1.6 BP. T-Nots are under pressure on a new record high in S&P500 from today’s rally, which reduces safe-heaven demand for T-Nots. In addition, supply pressure is weighing on T-Nots as the Treasury on Tuesday auctioned 2-year-old T-notes of $ 69 billion and $ 70 billion 5-year T-Rots. On Monday afternoon, T-Nots fell into their offering due to the weak demand for a $ 70 billion auction of 5-year-old T-notes of Treasury, with a bid-to-cover ratio of 2.31 below the 10-averse average of 2.31. The damage in T-notes was limited after the US and the European Union agreed over a trade deal, which reduces concerns about inflation.
European government bond yield was mixed on Monday. The 10 -year -old German Bund yield -2.9 BP fell to 2.689%. The 10 -year -old UK gilt yield +1.2 bp increased to 4.647%.
Kazimir, a member of the ECB Governing Council, said the ECB should not cut interest rates in September unless there is evidence of a major decline in the economy.
Swap is exempting the possibility of 17% for cutting -25 BP rate cut by ECB at the September 11 policy meeting.
US Stock Movers
Chip stock rose on Monday after reaching the European Union and America reaching a trade deal. Advanced Micro devices (AMD) +closed over 4% for those availing benefits in NASDAQ 100. In addition, the semiconductor corp (ON) shut down more than +3%, and Kla CORP (KLAC), ASML Holding NV (ASML), Marvell Technology (MRVL), TXAS Instruments (TXN), and more +2%. In addition, NVIDIA (NVDA), LAM Resournt (LRCX), Globalfoundries (GFS), Microchip Technology (MCHP), and Qualcomm (QCom) +1%were off.
After the price of WTI crude oil, energy stock and energy service providers rally on Monday, increased to a high level of more than +2% 1-week. Diamondback Energy (FANG) +more than 4% closed and Davon Energy (DVN) +closed more than 3%. In addition, APA Corp (APA), Conocophilips (COP), and Philips 66 (PSX) +exceeded 2%. In addition, Haliberton (HAL), Marathon Petroleum (MPC), Baker Hughes (BKR), Oxidantl Petroleum (Oxy), and Valero Energy (VLO) +closed more than 1%.
The LNG stock was shifted higher on Monday after the European Union shifted to the European Union-US trade deal for large purchases of American energy products for large purchases of American energy products. Venture Global (VG) +closed over 4%, and Chenier Energy (LNG) and EOG Resource (EOG) +closed over 1%.
After gold and copper prices, mining stocks were under pressure on Monday, 2–1/2 weeks fell into climb. Pneument (NEM) -3% shut down and Freeport McMoron (FCX) -2% closed.
Super Micro Computer (SMCI) closed more than +10% to lead the beneficiaries in S&P 500 on optimism that its AI server demand would be strong.
JP Morgan Chase after upgrading the stock for more than the neutral weight with a price target of $ 93 shut down the Nike (NKE) to lead the beneficiaries in Do Jones Industrial to more than +3%.
Vedarford International PLC (WFRD) stopped more than +3% after upgrading the stock for more weight than neutral with a price target of $ 73 by Piper Sandler.
Revvity (RVTY) adjusted its full-year EPS estimate in $ 4.85- $ 4.95 in $ 4.90- $ 5.00 with a previous estimate of $ 4.85- $ 4.95 in $ 4.85- $ 4.95, closed the midpoint below the unanimous midpoint of $ 4.93.
Cantor Fitzgerald turned off more than -5% after the stock turned neutral with overweight.
Coinbase Global (COIN) closed more than -3% after more than 3%, Crespi, Hardt & Co. Took the stock neutral to buy the stock.
Gilid Sciences (GILD) -2% shut down as analysts noted a potential risk for the company’s HIV preventive drugs, when HHS Secretary Kennedy was reported to plan a dismissal of an advisory panel that determines that preventive health measures should be covered.
HSBC after starting coverage on stocks on the Accenture PLC (ACN) -2% closed and started coverage on the stock with recommendation of the price target of $ 240.
Cisco Systems (CSCO) closed over -1% when Evercore ISI downed the stock into the inline from outperform.
Earning Report (7/29/2025)
American Tower Corp (AMT), Arc Capital Group Limited (ACGL), Boeing CO/The (BA), Booking Holdings Inc. (BKNG), BXP Inc. (BXP), CASARS Entertainment Inc. (CZR), Carrier Global Corp (CBRR), CBR (CBRR), DTE ACLT, ECLIS, ECLT, ECLIS, ECLIS, ECLIS, ECL), DTE NRIT, ECLIS, ECLIS, ECLIS, ECLI), DTE NRIT. Trust Inc. (ESS), Expand Energy Corp (XE), Hubbel Inc. (Hub), Inkite Corp (Inseed), Johnson Control International (JCI), Merc & Company Inc. (MRK), Mondles International Ink (MDLD), Norfoch Southern Corp (NSC), PPPPG Ink (PPPPG (PPPG) (PPPG Inc. (SIY), Taradine Inc. (TER), United Parcel Inc. (UPS), United Parcel Inc. (Up).
On the date of publication, Rich Escpland did not have the positions mentioned in any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
