S&P 500 rose 2.4% and Nasdaq 100 gained 3.7% last week, driven by mega-cap stocks like Apple and Nvidia
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Stock market volatility has dropped to its lowest point this year, with the S&P 500 and Nasdaq 100 pushing toward fresh highs after a dominant week for the largest companies, according to CNBC. The S&P 500 jumped 2.4% last week, adding around $850 billion in value. The Nasdaq 100 rose 3.7%, setting a new record. Mega-cap stocks carried most of the weight, with Apple alone contributing $400 billion after pledging an extra $100 billion in U.S. investment, a move that appeared to shield its India-made iPhones from steep tariffs. Investors have been leaning on these giants as both defense and offense in the current bull market. This comeback came only a week after a weak July payroll report showed steep downward revisions to job growth since spring, sparking fears about consumer strength and leaving the Federal Reserve looking trapped. Those worries eased as traders increased bets on a September rate cut, helped by more dovish comments from Fed officials. Venu Krishna, U.S. equity strategist at Barclays, warned that by early August, the market had grown “a bit complacent” about the economy’s path. He said stocks will now need support from both earnings and macro conditions, which is complicated by ongoing tariff issues and August’s historically volatile trading patterns. Big gains at the top hide deep losses below While the indexes showed strength, sharp drops hit several companies. Twelve S&P 500 names fell more than 10% last week, most on disappointing earnings or outlooks. Eli Lilly lost 18%, ON Semiconductor dropped 16%, and Trade Desk plunged 37%. Bank of America reported that companies missing both revenue and earnings have seen stock declines over triple the 25-year average. The market’s rapid four-month climb has stretched valuations, leaving stocks exposed when results fall short. Even so, the S&P 500 has held just under…
Filed under: News - @ August 9, 2025 8:29 pm