S&P 500 Soars to New Heights as Q2 Earnings Surpass Predictions
The S&P 500 achieved a new record close of 6,297.36 on Thursday, marking its ninth record high this year. This surge in performance is largely due to robust quarterly earnings reports that have bolstered investor confidence. The tech-centric Nasdaq Composite also celebrated its tenth record close of 2025, concluding at 20,885.65.
Approximately 50 components of the S&P 500 have reported their second-quarter results so far. Impressively, 88% of these have surpassed analyst expectations.
- PepsiCo shares experienced a surge of over 7% following their earnings estimates beat, reporting $2.12 per share on a revenue of $22.73 billion.
- United Airlines also saw a gain of 3% on the back of stronger-than-anticipated results.
The positive earnings momentum persists despite previous concerns regarding tariff policies and economic uncertainty. Investors are demonstrating renewed confidence as companies continue to show resilient performance amidst ongoing trade tensions.
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