Stocks Set to Extend Record Rally as U.S. and EU Reach Trade Deal, Big Tech Earnings and Fed Meeting in Focus

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Oleksandr PylypenkoMon, Jul 28, 2025, 11:02 AM 10 min readStock exchange financial or forex graph by Bigc Studio via ShutterstockSeptember S&P 500 E-Mini futures (ESU25) are up +0.28%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.46% this morning, pointing to a higher open on Wall Street after U.S. President Donald Trump reached a trade deal with the European Union.President Trump and European Commission President Ursula von der Leyen announced the EU agreement on Sunday at his golf club in Turnberry, Scotland. The U.S. would impose a baseline tariff of 15% on European goods, including automobiles. The new tariff rate will take effect on August 1st, according to a U.S. official. Mr. Trump said tariffs on steel and aluminum, which are currently at 50%, would remain unchanged. He also said the EU had agreed as part of the deal to purchase $750 billion worth of American energy products, invest an additional $600 billion in the U.S., and buy “vast amounts” of military equipment. In addition, U.S. goods shipped to Europe won’t be charged tariffs.Warren Buffett Warns Inflation Turns Business Into ‘The Upside-Down World of Alice in Wonderland’ But Weeds Out ‘Bad Businesses’Why GOOGL Stock May Be the Market’s Next Big WinnerAlphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued?Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!This week, market participants look ahead to earnings reports from major tech names, the Federal Reserve’s interest rate decision, as well as key economic data, including the jobs report, the Fed’s favorite inflation gauge, and the first estimate of second-quarter GDP.In Friday’s trading session, Wall Street’s major equity averages ended higher, with the S&P 500 and Nasdaq 100 notching new all-time highs. Deckers Outdoor (DECK) surged over +11% and was the top percentage gainer on the S&P 500 after the company posted upbeat FQ1 results and provided solid FQ2 EPS guidance. Also, Newmont (NEM) climbed more than +6% after the gold miner reported stronger-than-expected Q2 results. In addition, Centene (CNC) rose over +6% after the health insurer unveiled a plan to address issues in its Affordable Care Act business to ensure profitability in 2026. On the bearish side, Charter Communications (CHTR) tumbled more than -18% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the company posted weaker-than-expected Q2 EPS.Economic data released on Friday showed that U.S. durable goods orders slumped -9.3% m/m in June, better than expectations of -10.4% m/m, while core durable goods orders, which exclude transportation, rose +0.2% m/m, stronger than expectations of +0.1% m/m.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,374.22 -15.55 (-0.24%)Dow 3044,617.51 -220.05 (-0.49%)Nasdaq21,137.25 -41.33 (-0.20%)Russell 20002,249.31 -7.42 (-0.33%)VIX15.55 +0.52 (+3.47%)Gold3,323.70 +13.70 (+0.41%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 48.98 +9.90 (+25.34%)SANM Sanmina Corporation 121.05 +22.71 (+23.09%)AMKR Amkor Technology, Inc. 25.47 +4.24 (+19.97%)CVLT Commvault Systems, Inc. 195.78 +32.35 (+19.79%)CLS Celestica Inc. 201.76 +28.39 (+16.38%)Top losersNVO Novo Nordisk A/S 54.31 -14.69 (-21.30%)STEM Stem, Inc. 15.70 -3.21 (-17.03%)HRI Herc Holdings Inc. 125.89 -23.99 (-16.01%)EXEL Exelixis, Inc. 37.18 -7.21 (-16.25%)QS QuantumScape Corporation 9.46 -1.52 (-13.89%)Most activeSOFI SoFi Technologies, Inc. 22.58 +1.56 (+7.42%)NVDA NVIDIA Corporation 176.17 -0.58 (-0.33%)LCID Lucid Group, Inc. 2.5850 -0.2050 (-7.35%)NVO Novo Nordisk A/S 54.31 -14.69 (-21.30%)AMD Advanced Micro Devices, Inc. 179.73 +6.07 (+3.50%)Earnings eventsTrending tickersNVO Novo Nordisk A/S 54.30 -14.71 (-21.31%)SOFI SoFi Technologies, Inc. 22.57 +1.55 (+7.38%)SPOT Spotify Technology S.A. 632.35 -68.63 (-9.79%)PYPL PayPal Holdings, Inc. 72.17 -6.06 (-7.74%)UNH UnitedHealth Group Incorporated 265.69 -16.43 (-5.82%)Top economic events