Big Tech Climb Powers S&P 500, Nasdaq to New Records
July 2025 | By EverHealth AI Editorial Team
🔻 Summary
The S&P 500 and Nasdaq closed at record highs as Apple, Nvidia, and Tesla led a tech rally. AI momentum, Tesla’s Robotaxi bet, and easing trade tension with Vietnam outweighed weak labor data and economic caution.
💡 Big Tech Momentum
- Apple rose 2.2%, Nvidia added 2.6%, and Tesla jumped 5% despite weaker sales—investors are focused on AI and long-term innovation.
- Tesla’s self-driving Robotaxi launch and model refreshes boosted optimism for second-half growth.
- UBS analysts say AI remains a “secular growth driver” supporting long-term tech sector strength.
📉 Labor Market Signals
- Private payrolls unexpectedly dropped by 33,000—the first decline since March 2023.
- Professional and education sectors saw the biggest job losses.
- Investors now eye Thursday’s nonfarm payrolls for confirmation of weakness.
🌏 Trade & Tariffs
- Trump announced a new deal with Vietnam—U.S. goods get duty-free access; Vietnamese goods face lower 20% tariffs.
- Nike shares rose 4.1%, reflecting relief over tariff clarity on Vietnam-based supply chains.
- This trade relief helped stabilize broader risk sentiment mid-week.
💼 Market Impact
- The S&P 500 rose 0.5% to a new all-time high; Nasdaq gained 0.9%.
- Dow Jones lagged, slipping 11 points amid rotation out of industrials.
- 10-year Treasury yield rose slightly to 4.29% as rate-cut bets remained mixed.
🧭 What to Watch Next
- Thursday’s jobs report: Will it confirm labor softness?
- Will AI enthusiasm sustain the Magnificent Seven rally?
- Are more tariff “soft landings” coming, or will tensions resurface?
Bottom Line:
Big Tech is once again pulling markets to new highs, riding the wave of AI optimism and easing trade fears. But with labor markets flashing warning signs and tariffs still in flux, investor caution remains justified.
