On Friday, August 8, 2025, Wall Street continued its upward trajectory, with major indices closing higher. The S&P 500 rose 0.8%, nearing its previous record, while the Dow Jones Industrial Average climbed 0.5%, and the Nasdaq Composite added 1%, setting a new record. This marks the third winning week in the last four for the S&P 500. The Russell 2000 index of smaller companies also saw a modest increase of 0.2%. These gains reflect investor confidence and a positive economic outlook.
The day's market performance was bolstered by strong earnings reports from companies like Expedia and Gilead Sciences. Both exceeded analysts' expectations and raised their future outlooks, leading to sharp increases in their stock prices. In contrast, Asian markets closed mostly lower, except in Tokyo, where the Nikkei rose 1.9%. European markets were mixed, and Treasury yields rose in the bond market, indicating a shift in investor sentiment. Overall, the market's positive momentum suggests a favorable environment for investors.