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Weekend Update & Market Outlook 7/6/2025

Weekend Update & Market Outlook 7/6/2025

July 5, 2025

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.