FX.co ★ S&P 500 Hits 5th Straight Record Close

The S&P 500 achieved a 0.4% increase on Friday, marking its fifth consecutive record close—its longest streak in more than a year. Meanwhile, the Nasdaq 100 rose by 0.2% following an intraday high. The Dow Jones climbed by 208 points as investors processed a series of trade developments and corporate earnings reports. Optimism surrounding trade discussions contributed to the market's upward momentum, with President Trump set to meet with European Commission President Ursula von der Leyen on Sunday, raising hopes for a US-EU trade agreement. Ahead of the August 1 tariff deadline, agreements were reached with Japan, Indonesia, and the Philippines, although negotiations with Canada have come to a standstill. Positive earnings from Alphabet and Verizon bolstered market sentiment, yet the tech sector faced pressure from Intel, which warned of upcoming losses and announced layoffs. Investors also shifted their focus to next week's Federal Reserve meeting and a busy earnings calendar featuring key players such as Apple, Meta, and Microsoft. Over the week, the Dow gained 1.3%, while the Nasdaq and S&P 500 increased by 1.2% and 1.6%, respectively.