Which company's Q2 earnings were a standout this week?

GE Vernova reported strong Q2 results, with the company's stock surging 12% to new all-time highs.

What index reached record highs this past week?

The S&P 500 index rose every day this past week, closing at record highs and gaining nearly 1.5% for the week.

Home / Business and Economy / S&P 500 Hits Record Highs on Trade Deal Optimism

S&P 500 Hits Record Highs on Trade Deal Optimism

Q: What trade deal did President Trump announce?

President Trump announced a "massive" trade agreement with Japan, which will see a 15% tariff on goods entering the United States from Japan in exchange for $550 billion in Japanese investment and more U.S. imports.

26 Jul

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Summary

S&P 500 gained nearly 1.5% this past week
Trump announced a "massive" trade deal with Japan
GE Vernova reported strong Q2 results, stock surged 12%

S&P 500 Hits Record Highs on Trade Deal Optimism

This past week, the S&P 500 index rose every day, closing at record highs, as trade deals, both announced and in the works, lent support to the market. For the week, the S&P 500 gained nearly 1.5%, while the Nasdaq rose 1% and also closed at a new record high.

The highlight of the week was President Donald Trump's announcement of a "massive" trade agreement with Japan. The deal, set to take effect on August 1st, will see a 15% tariff on goods entering the United States from Japan, including automobiles. In exchange, Japan will invest $550 billion in America and open its market to more U.S. imports. The trade focus has now shifted to China and the European Union, with Treasury Secretary Scott Bessent traveling to Stockholm next week for talks with Chinese officials.

On the earnings front, the second quarter reporting season has kicked into high gear, with results so far coming in better than expected. Within the CNBC Investing Club portfolio, standout performers included GE Vernova, which reported strong order growth and margin expansion, and Danaher, which delivered a solid set of results. GE Vernova's stock was the top performer of the week, surging 12% to new all-time highs.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.