Market Action For Last Week
- SPY (S&P 500 ETF):
– 7/3/2025 Close: 625.34
– 6/27/2025 Close: 614.91
– Point change: +10.43
– Percent change: +1.70% (investing.com) - QQQ (Nasdaq-100 ETF):
– 7/3/2025 Close: 556.22
– 6/27/2025 Close: 548.09
– Point change: +8.13
– Percent change: +1.48% (investing.com) - IWM (Russell 2000 ETF):
– 7/3/2025 Close: 223.08
– 6/27/2025 Close: 215.48
– Point change: +7.60
– Percent change: +3.53% (investing.com)
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, July 7
- None of note.
- Tuesday, July 8
- NFIB Small Business Optimism Index for June (released by NFIB, second Tuesday of each month) (nfib.com)
- Wednesday, July 9
- None of note.
- Thursday, July 10
- None of note.
- Friday, July 11
- None of note.
Upcoming Major Stock Earnings Reports
- Monday, July 7
- None of the major U.S. names.
- Tuesday, July 8
- None of the major U.S. names.
- Wednesday, July 9
- None of the major U.S. names.
- Thursday, July 10
- Progressive Corp (PGR) – Time Not Supplied
- Delta Air Lines (DAL) – Time Not Supplied
- Conagra Brands (CAG) – Time Not Supplied (investing.com)
- Friday, July 11
- DNB Bank ASA (DNBBY) – Time Not Supplied
- Aeon ADR (AONNY) – Time Not Supplied
- Ryohin Keikaku Co (RYKKY) – Time Not Supplied (investing.com)
In terms of sentiment for the next 30 days, I'm neutral. Last week’s broad-based gains—SPY up ~1.7%, QQQ ~1.5%, IWM ~3.5%—reflect healthy momentum, especially in small caps. However, the upcoming week lacks major catalysts and earnings remain light until mid-July, suggesting a consolidation phase ahead. I’d look for clearer directional cues once the heavier Q2 earnings cadence and mid-July inflation data arrive.