S&P 500 and Nasdaq Hit All-Time Highs

Markets rally despite looming tariffs and global trade uncertainty.

TL;DR:

• 📈 S&P 500 and Nasdaq set new records
• 🏠 U.S. home sales data release today
• 🤝 Japan PM to meet U.S. Treasury Secretary
• 🚨 U.S. confirms August 1 tariff rollout

S&P 500 and Nasdaq Set New Records

Both the S&P 500 and Nasdaq Composite closed at all-time highs on July 22, with the S&P 500 finishing above 6,300 for the first time. Growth in tech and resilient earnings overshadowed tariff concerns, boosting sentiment across major indices. Source

U.S. Home Sales Data Release Today

The National Association of Realtors is set to release June’s existing home sales data today at 10:00 AM ET. Traders will watch this report closely for signals on consumer demand and housing market resilience amid higher mortgage rates. Source

Japan PM to Meet U.S. Treasury Secretary

Japanese Prime Minister Shigeru Ishiba will meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday. The talks aim to address trade agreements and ease tensions ahead of the August 1 U.S. tariff deadline. Source

U.S. Confirms August 1 Tariff Rollout

Commerce Secretary Howard Lutnick reaffirmed that the U.S. will implement new tariffs on August 1, directly impacting trade with the EU and other partners. This official confirmation keeps global markets on edge amid ongoing trade negotiations. Source