SP 500 and Nasdaq reach all-time highs amid strong earnings and economic growth

The S&P 500 and Nasdaq closed at all-time highs Thursday as upbeat earnings and economic reports boosted investor confidence.

What’s driving the rally?

• Strong earnings: 71% of S&P 500 companies that have reported so far beat Q2 estimates, with PepsiCo, United Airlines, and major banks posting solid results.
• Robust economy: Jobless claims fell, and retail sales rose 0.6% in June, easing fears about slowing growth.

Compare Top Forex brokers and start trading and investing with a trusted partner

Market snapshot (4 p.m. close)

• S&P 500: 6,297.50 (+0.54%)
• Dow Jones: 44,485.53 (+0.52%)
• Nasdaq: 20,884.27 (+0.74%)

Why it matters

Healthy consumer spending and strong corporate profits are offsetting concerns about tariffs and recession risks.

Wall Street is breathing easier as the economy keeps humming along.