Market Review: July 10, 2025
Closing Recap
On Thursday, July 10, 2025, U.S. stocks continued their upward trajectory as investors remained optimistic ahead of the upcoming earnings season. The major indices closed higher, with the DJ Industrials up 0.19% at 44,541, the S&P 500 rising 0.27% to 6,280, the Nasdaq increasing by 0.09% to 20,630, and the Russell 2000 gaining 0.48% to 2,263.
Market Sentiment
The day was characterized by a lack of significant news, with only one piece of economic data released: weekly jobless claims improved to 227,000, better than the expected 235,000. The Federal Reserve's comments indicated a potential for interest rate cuts in the near future, with San Francisco Fed President Mary Daly suggesting that the time to consider rate cuts is approaching.
Economic Data
- Weekly Jobless Claims: 227,000 (previously 232,000)
- 4-week moving average: 235,500 (down from 241,250)
- Continued claims: 1.965 million (up from 1.955 million)
- Insured unemployment rate: 1.3% (unchanged)
Commodities and Currencies
Bitcoin reached a new record high of $113,734.64, marking a 21% increase year-to-date. Gold prices rose slightly, settling at $3,325.70 per ounce. Crude oil prices fell, with WTI settling at $66.57 per barrel, down 2.65%.
Sector News Breakdown
Retail and Consumer Staples
HELE reported a significant sales decline, missing analyst expectations, while COST and BKE showed positive comp sales growth. In the food sector, KLG announced an acquisition by Ferrero, and CAG shares fell after missing revenue expectations.
Leisure Sector
Delta Airlines reported strong earnings, boosting shares in the cruise and travel sectors.
Energy Sector
CRK was downgraded by UBS, while APA curtailed production in response to weak prices.
Biotech and Pharma
ABBV announced a $700 million acquisition for cancer treatment rights, while MRNA received full FDA approval for its COVID-19 vaccine for children.
Technology Sector
In semiconductors, AMD was upgraded to Buy, while TSM reported better-than-expected revenue driven by AI demand.
Market Summary
Overall, the market showed resilience with positive sentiment as investors prepared for earnings reports next week. The lack of negative headlines contributed to the upward momentum, with small caps outperforming and most sectors closing in the green.
Conclusion
The market's performance on July 10, 2025, reflects a strong bullish sentiment as investors remain optimistic about economic conditions and corporate earnings, despite some mixed signals in specific sectors.