FX.co ★ US Stocks Poised to End the Week with Gains

US stocks experienced a generally positive trend on Friday, following record-high closures for both the S&P 500 and Nasdaq the day before. The three primary indices are set to conclude the week with gains surpassing 1%. Market sentiment was cautiously optimistic, fueled by hopes that new trade agreements—particularly with the European Union—might be secured before the August 1st deadline, possibly leading to a reduction in tariff rates. Contributing to investor confidence, President Trump seemed to adopt a more conciliatory tone towards Federal Reserve Chair Jerome Powell, easing worries about the Fed's independence. The health and materials sectors led in performance, while communication services lagged behind. Amid the earnings season, Intel shares tumbled nearly 9% after the company reported a missed profit target, although it exceeded revenue projections and provided a positive outlook. Investors are now anticipating the peak of the earnings season and the Federal Reserve's upcoming monetary policy decision next week.