Here’s what powered the stock market higher during its short and sweet record week
Short and sweet: This week was briefly the stock market. The second half of the year started in a record style, both S&P 500 and Nasdaq closed at the highest levels of all time, including the holiday cake session on Thursday. The US stock market is closed on Friday for four July. Nvidia, which extends its striking return from the April sale, exceeded the market value of $ 3.9 trillion on Thursday, while this week broke all kinds of records. A good share for the market value of $ 3.89 trillion ended with an increase of 1.3% to $ 159.34. To fully appreciate the current rise in Wall Street, we must look at the second variable second quarter in the market that ends on Monday. Considering that President Donald Trump lost more than 12% in the first week of the quarter in the “mutual” tariff announcement, the technology-weighted index closed the April-June period with 17.75% earnings. This has been the best three -month performance that Nasdaq has won more than 30% in the second quarter of 2020 since the first days of Covid, because it reduced federal reserve interest rates to zero and pumps money into the economy to prevent the economic arms pandemic. Meanwhile, the S&P 500 advanced 10.57% in the second quarter of this year and survived more than 11% decrease in the first week of April. The Board Market Index has seen its best quarter since the 4th quarter of 2023, which earned 11.24%. Eight of the 11 sectors progressed during the April-June period and technology came to the fore with 23.5%. The worst performance sector was the energy that lost 9.37% in the second quarter, the worst quarter since the third quarter of 2020. Most of the losses in energy came during the decreasing days of the second quarter, where oil prices were collected after the bombing of the three Iranian nuclear regions of the US. The market saw the US as a non-siremic risk that the US was involved in the Israeli-Iranian conflict, and the Western Texas Middle Hamasi sank about 9% for the quarter. In the absence of any large cuffs from the Middle East and Trump’s Wednesday, a framework for a trade agreement with Vietnam, S&P 500 and Each of the Nasdaq increased by 1.7% and 1.6% respectively. Capitol Hill is on the abyss of providing a great legislative victory to the president with the last passage of the “great, beautiful bill” of expected expenditure priorities and tax cuts immediately after clearing an important procedure vote in the Assembly. Ironically, a strong job report cut both aspects for the President on Thursday. On the one hand, more recruitment and lower unemployment rate, tariff and geopolitical uncertainty show the flexibility of the economy. This was a win for Trump. However, on the other hand, the power in the economy weakens the president’s argument on the immediately federal reserve interest rate deduction. In fact, after the government’s June employment report and a weaker ADP private sector, the President of the Private Sector, the President has published the President, on the social media that President Jerome Powell should resign. Trump remained silent on the price front on Thursday. Because the payrolls for last month increased by 147,000, much more than Dow Jones’ estimation for 110,000. In June, the unemployment rate fell to 4.1% when a slight increase was expected up to 4.3%. To be sure, most of this unemployment rate decrease can be attributed to less to less employees or job seekers. The average hourly earnings for last month increased by 3.7% less than expected up to the year, and was under 3.8% earnings in May. This week, after the finalization of the Fed’s stress tests, we received positive updates from free banks to update capital allocation plans. Club Holdings Goldman Sachs and Wells Fargo were two striking winners this year and both increased their dividends. Goldman increased his three -month payment to 4 dollars per share and increased to $ 4. Wells Fargo increased its dividend to 12.5% per share. For Wells, the stress test was only one better news since the abolition of the $ 1.95 trillion asset limit at the beginning of last month. Another positive update in the portfolio came on Monday when he interviewed Jim Cramer’s Amazon CEO Andy Jassy with “Mad Money”. In a comprehensive interview, Jassy has clearly demonstrated his long -term bets such as Project Kuiper satellite internet service. Jim is optimistic that Kuiper’s main program of Amazon at the end of Kuiper can help add more members. The interview came in front of the first four -day Prime Day, which started on Tuesday and went to Friday. On meta platforms, we learned more about CEO Mark Zuckerberg’s “Superintelligigence” ambitions, because he wrote a note to employees who explained the new internal structure for AI research in the company. As we wrote in an analysis piece on Tuesday, Zuckerberg’s costly pressure to hire the best and brightest AI minds was not yet costing commodity stock, because investors believe that the return is worth it. Meanwhile, Home Depot announced on Monday that it will buy GMS, a building material distributor, specialized in products such as gypsum board, steel stabbing and insulation. It gives GMS a $ 5.5 billion business valuation, including the debt. Even though we understand the desire of home depot to the world of professional contradictions – on the expensive acquisition of last year’s SRS distribution – Jim said that the money spent for GMS wished the stock stock shares to be reimbursed because the home Depot shares are significantly worthless. Finally, the S&P short -range oscillator session ended to an excessive purchase zone at a rate of 8.25% (the threshold of excessive purchase or excessive sales conditions is plus or minus 4%, respectively). Although the markets can make more purchases for a while, we like to search for space to collect cash when we reach these levels, as they show that a short -term withdrawal is likely to be more likely to be withdrawn. (Jim Cramer’s philanthropist trust is long NVDA, Amzn, Meta and HD. Look here for the full list of stocks. Jim is waiting for 45 minutes after sending a trade warning before buying or selling a share in the portfolio of charitable confidence. 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