Key Facts
• July 28: S&P 500 and Nasdaq hit record highs, S&P up for 6th session.
• U.S.-EU tariff agreement reached on July 27; 15% tariff on most EU imports.
• U.S.-China trade talks began in Stockholm on July 28.
• Dow Jones closed at 44,837.56, down 64.36 points (-0.14%).
• Nasdaq closed at 21,178.58, up 70.27 points (+0.33%).
• S&P 500 closed at 6,389.77, up 1.13 points (+0.02%).
• Federal Reserve expected to hold interest rates steady during July 29-30 FOMC meeting.
• VIX Index rose to 15.03 (+0.67%), indicating market volatility.
• Sector performance: S&P Energy (+1.15%), S&P Information Technology (+0.77%), S&P Materials (-1.44%).
• NYSE trading volume: 1.098 billion shares.
• Chicago Nikkei futures (September): $40,845 (-65) and ¥40,795 (-115).
Summary
On July 28, the U.S. stock market saw the S&P 500 and Nasdaq reach record highs, with the S&P marking its sixth consecutive session of gains. This occurred amid volatile trading as investors analyzed the U.S.-EU tariff agreement, which set a 15% tariff on most EU imports, and monitored U.S.-China trade discussions in Stockholm. The Dow Jones fell slightly, while the Nasdaq and S&P 500 posted modest gains. Market attention is now focused on the Federal Reserve’s July 29-30 meeting, where interest rates are expected to remain unchanged despite pressure from President Trump. Sector performance was mixed, with energy and technology leading gains, while materials and real estate lagged. The VIX Index rose, reflecting increased market uncertainty. Trading volume on the NYSE reached 1.098 billion shares, and Chicago Nikkei futures showed slight declines in both dollar and yen terms.
