Traders work on the floor of the New York Stock Exchange on July 23, 2025. Spencer Platt/Getty Images
The rally in U.S. equities gained strength this week, with both the S&P 500 Index and Nasdaq Composite Index reaching new record highs amid the closing of trade deals, steady bond yields, and mixed earnings.
The Nasdaq posted its longest streak of consecutive record closes in more than a year, hitting new highs for 10 sessions in a row. Meanwhile, the S&P 500 also closed at a record high for five consecutive sessions.
