S&P 500 (weekly): Closed at 6,279.35 (+1.7%), clearing prior high of 6,147, while reaching a record at 6,284.65, with 52-week SMA support at 5,784.57.
The weekly structure remains bullish, with price holding above key moving averages and resistance tests in progress, supporting continued momentum if macro catalysts remain supportive.
Outlook
This week, markets will be driven by the July 9 FOMC minutes and tariff policy decisions as traders gauge the potential timing of Fed rate cuts against a backdrop of labor market strength. Earnings season picks up with Delta and consumer names providing insight into spending trends under tariff-related uncertainties.
Resilient jobs data and easing trade tensions have helped sustain upward momentum, but the upcoming tariff deadline and Fed commentary will determine whether markets can build on record highs in the near term. Traders will remain focused on policy signals, labor data resilience, and corporate earnings as key risk drivers for direction this week.
More Information in our Economic Calendar.