Market Review: July 08, 2025
Closing Recap
On July 8, 2025, US equity futures showed slight gains overnight following a day of tariff-related headlines that had previously pushed the market lower. The day saw minimal movement in stocks, with trading largely sideways due to a lack of major economic catalysts or earnings reports. The market breadth favored advancers by a ratio of 3:2, with small caps outperforming larger indices.
Index Performance
| Index | Up/Down | % Change | Last |
|---|---|---|---|
| DJ Industrials | -165.60 | 0.37% | 44,240 |
| S&P 500 | -4.44 | 0.07% | 6,225 |
| Nasdaq | 5.95 | 0.03% | 20,418 |
| Russell 2000 | 14.51 | 0.66% | 2,228 |
Market Insights
The Fear & Greed Index indicated a level of 77/100, reflecting "Extreme Greed," a notable increase from the previous week's score of 61. Goldman Sachs raised its S&P 500 return targets for the next 3, 6, and 12 months, citing earlier and deeper Federal Reserve easing and lower bond yields. Notably, Tesla (TSLA) emerged as the most volatile mega-cap stock, with significant price movements observed over the past six months.
Economic Data
Key economic indicators released included the New York Fed's survey on inflation expectations, which showed a slight decrease in year-ahead inflation expectations. The NFIB's Small Business Optimism Index also fell, indicating concerns among small businesses regarding inventory levels and sales expectations.
Commodities and Currencies
Gold prices fell due to a stronger dollar and rising treasury yields, while crude oil prices saw a slight increase amid trade optimism. The following are the closing prices for key commodities:
| Commodity | Change | Last Price |
|---|---|---|
| WTI Crude | +0.40 | 68.33 |
| Brent | +0.57 | 70.15 |
| Gold | -25.90 | 3,316.90 |
Sector News
In the automotive sector, Carvana (CVNA) received a buy rating upgrade, while Nissan scaled back production plans for its new electric vehicle model due to supply chain issues. In retail, Amazon (AMZN) kicked off its Prime Day event, expected to generate significant sales. The energy sector faced challenges as solar stocks declined following new federal directives affecting tax credits.
Conclusion
The market remains cautious amid ongoing tariff discussions and economic uncertainties, with investors closely monitoring upcoming earnings reports and economic data releases for further direction.