US Stocks Hit New Highs As Magnificent Seven Reach $19 Trillion: What's Moving Markets Friday?

Author: Piero Cingari | July 25, 2025 01:33pm

Wall Street looked set to close the week on a high note, with large-cap benchmarks pushing higher in Friday's midday trading as optimism over corporate earnings and progress on global trade talks provided support for risk assets. The S&P 500 climbed 0.4% to 6,390, marking a fresh all-time high and the Nasdaq 100 also rose 0.5% to break above 23,330, led by strength in tech and consumer names.

• QQQ ETF has risen 40% off April’s lows. Track it now here.

With today's gains on Wall Street, the combined market capitalization of the Magnificent Seven has hit a new record of $19 trillion, with NVIDIA Corp. (NASDAQ:NVDA) alone climbing to $4.25 trillion.

The Roundhill Magnificent Seven ETF (NYSE:MAGS) is up 1.4% this week and is on pace to log its seventh weekly gain in the last eight.

Markets were buoyed by news from Brussels, where European officials confirmed a Sunday meeting with President Donald Trump. Investors are anticipating the U.S. will move forward with a 15% tariff on EU goods, mirroring the Japan deal structure finalized earlier this week.

President Donald Trump indicated confidence that the Federal Reserve will begin cutting rates, just a day after his high-profile visit to Fed Chair Jerome Powell in Washington, D.C.

Yields on 10-year Treasury bonds held steady at 4.40%, unchanged for the week, while the U.S. dollar index rose 0.3%, paring weekly losses but still set to close lower.

Commodities were broadly weaker. Gold dropped 1.2% to $3,329 per ounce, silver slid 2.4% to $38 per ounce and WTI crude oil declined 1% to $65.40 per barrel.

Bitcoin (CRYPTO: BTC) extended its decline for a third straight session, slipping 2.2% toward $115,800 and heading for its second consecutive weekly loss—a streak not seen since March 2025.

Friday’s Performance In Major U.S. Indices, ETFs

Major Indices	Price	1-day % chg
Nasdaq 100	23,322.82	0.4%
S&P 500	6,389.82	0.4%
Dow Jones	44,807.79	0.3%
Russell 2000	2,251.34	-0.1%

According to Benzinga Pro data:

• The Vanguard S&P 500 ETF (NYSE:VOO) rose 0.4% to $585.34.
• The SPDR Dow Jones Industrial Average (NYSE:DIA) inched 0.2% up to $447.87.
• The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rose 0.4% to $567.18.
• The iShares Russell 2000 ETF (NYSE:IWM) held steady at $223.55.
• The Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) outperformed, up 1.1%; the Communication Services Select Sector SPDR Fund (NYSE:XLC) lagged, down 1%.

Friday’s Stock Movers

• Tesla Inc. (NASDAQ:TSLA) rebounded 5.6% after sliding 8.2% on Thursday amid weaker-than-expected quarterly results.

Stocks reacting to earnings reports included:

• Intel Corporation (NASDAQ:INTC) down 8.94%
• Aon plc (NYSE:AON) up 4.58%
• HA Healthcare, Inc. (NASDAQ:HAHC) down 2.97%
• Newmont Corporation (NYSE:NEM) up 5.80%
• Digital Realty Trust, Inc. (NYSE:DLR) down 0.75%
• Phillips 66 (NYSE:PSX) up 0.80%
• Charter Communications, Inc. (NASDAQ:CHTR) down 17.48%
• Edwards Lifesciences Corporation (NYSE:EW) up 3.63%
• VeriSign, Inc. (NASDAQ:VRSN) up 6.29%
• First Citizens BancShares, Inc. (NASDAQ:FCNCA) down 0.99%
• Shinhan Financial Group Co., Ltd. (NYSE:SHG) up 1.26%
• Deckers Outdoor Corporation (NYSE:DECK) up 11.91%
• Booz Allen Hamilton Holding Corporation (NYSE:BAH) down 2.27%
• Centene Corporation (NYSE:CNC) up 4.90%
• Saia, Inc. (NASDAQ:SAIA) up 5.49%
• AutoNation, Inc. (NYSE:AN) down 0.13%
• OneMain Holdings, Inc. (NYSE:OMF) up 0.87%
• Boyd Gaming Corporation (NYSE:BYD) up 2.24%
• Gentex Corporation (NASDAQ:GNTX) up 14.19%

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