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🔔 Market Recap: US Stocks Rally to Record Highs
The US market continued its bullish momentum as the S&P 500 and Nasdaq hit new all-time highs, supported by strong Q2 earnings and robust retail sales data. June retail sales jumped 0.6%—triple the expected figure—signaling healthy consumer spending. Meanwhile, jobless claims dropped to 221K, showing labor market resilience.
Top Performers:
- Netflix (NFLX): Strong Q2 earnings (profit +46%) but shares slid slightly.
- Interactive Brokers (IBKR): Beat estimates, stock jumped 4.6%.
- Norfolk Southern (NSC): Gained 3.8% on merger buzz with Union Pacific.
🔐 Crypto News Today: Bitcoin Holds Firm, Policy Push
The crypto market saw steady movement with Bitcoin (BTC) hovering near $118,800. Legislative support in the U.S. House gave bulls a boost:
- Three bills passed to regulate stablecoins, prevent CBDCs, and clarify crypto oversight.
- Bipartisan support is building to allow Bitcoin in 401(k) retirement accounts.
Key Movers:
- Coinbase (COIN): Rose on policy optimism and BTC strength.
- Robinhood (HOOD): Benefitted from increased crypto volumes.
👀 Monday Watchlist: Stocks to Track Closely
As earnings season heats up, these stocks are on our radar:
| Stock | Reason to Watch |
|---|---|
| Tesla (TSLA) | Musk’s AI spin-off plans; stock gaining interest. |
| Coinbase (COIN) | Riding the crypto bill momentum. |
| Amazon (AMZN) | Quarterly earnings and Prime Day effect incoming. |
| Charles Schwab (SCHW) | Key Q2 report ahead. |
| Kenvue (KVUE) | CEO transition sparks short-term rally. |
🧭 Market Outlook
| Insight | Takeaway |
|---|---|
| 📊 Macro | Consumer strength + low jobless claims = bullish backdrop. |
| 💹 Tech | Overextended technically—watch for healthy pullback. |
| 🧾 Earnings | Netflix and financials lead sentiment this week. |
| 🪙 Crypto | Policy tailwinds may push BTC over $120K again. |
✅ Conclusion
The US Market and Crypto News points to a strong start for the new week. Earnings, legislation, and macro trends all align for potential upside—but stay cautious as valuations rise. Keep your Monday watchlist ready with Tesla, Coinbase, and earnings plays leading the charge.
