Trade and Jobs Cheer Markets in Short Holiday Week
The Weekly Update
Week of July 7th, 2025
By Christopher T. Much, CFP®, AIF®
Trade developments and continued momentum pushed all three major averages to modest gains again for a shortened holiday trading week.
The Standard & Poor’s 500 Index rose 1.72 percent, while the Nasdaq Composite Index added 1.62 percent. The Dow Jones Industrial Average advanced 2.30 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, increased 0.19 percent for the week through Thursday.
Stocks Gain on Trade Developments
Stocks continued their momentum from the prior week’s records following Canada’s rescinding of its digital services tax, rising on optimism as investors waited for more news on trade.
The S&P 500 and Nasdaq took a breather on July’s first trading day, while the Dow Industrials posted a modest gain. Then, stocks rallied after the news of the trade deal with Vietnam, moving past the latest ADP employment report, which showed reduced jobs last …
