Stock Market Today: S&P 500 Goes From Bear Market Territory to Record Level. Now What? originally appeared on TheStreet .
Updated 10:55 a.m. EDT
Traders pick and choose on a summer Friday
It's Friday. There's been a whole lot of news, financial, political and otherwise, after record highs on Thursday, and perhaps stock traders are taking the day off. It is summer after all.
In any event, choosy appears to be the operative word on trading screens.
The Dow Jones Industrial Average is off more than 135 points at 44,349. The Standard & Poor's 500 Index is flat at 6,298, and the Nasdaq Composite Index is down 13 points to 20,873. The Nasdaq-100 Index, which is the Nasdaq on steroids, was down 28 points to 23,053.
Thursday saw the S&P 500, Nasdaq and Nasdaq-100 hit new all-time highs. The trio all hit new highs this morning and then fell back.
So, Apple ( AAPL ) is up a little. Tesla ( TSLA ) is up 2.5%. Coinbase ( COIN ) is up 5.7%. But Facebook parent Meta Platforms ( META ) , Microsoft ( MSFT ) and Nvidia ( NVDA ) are all lower.
Stock Market Today
A new high: After saying hello to bear-market territory in April, the S&P 500 is now up more than 7%.
A decent year's gain is around 10%, so we've already had a pretty good one. Can the market keep going?
Well, earnings have been positive. So, if corporate earnings can continue to hum, there's no reason that the market couldn't go higher.
This morning, however, futures are softening. While they're slightly above yesterday's close, they're off the highs set overnight.
Today's corporate earnings have mostly been positive. Financial-services giants American Express ( AXP ) and Charles Schwab ( SCHW ) , technology stalwart 3M ( MMM ) and energy-technology superstar SLB, formerly Schlumberger , ( SLB ) , all beat analysts' estimates for the latest quarter and are trading higher.
The information-technology and outsourcing-services provider Wipro ( WIT ) is trading lower on earnings that met expectations.
The big news is crypto. After all, it's Crypto Week and the U.S. government has come together to pass a stablecoin bill, which has sent crypto prices to the moon. Crypto assets now top $4 trillion.
Stock Market Today: S&P 500 Goes From Bear Market Territory to Record Level. Now What? first appeared on TheStreet on Jul 18, 2025
This story was originally reported by TheStreet on Jul 18, 2025, where it first appeared.