Growth, Gains & Pockets of Caution   

July 25, 2025

US Markets Summary

Markets advanced again last week, with the S&P 500 and Nasdaq Composite notching new record highs for the second week in a row. The Dow gained 1.26%, while mid- and small-cap indexes also rose more than 0.9%. Value stocks slightly outperformed growth stocks, indicating broader participation in the rally beyond the tech giants.

Investor sentiment was lifted by a series of positive trade developments. The U.S. announced new trade agreements with Japan, Indonesia, and the Philippines, and reports suggest progress is being made toward a U.S.–EU deal ahead of the August 1 deadline to avoid 30% tariffs on European goods. Markets responded positively to the easing of global trade tensions, which has historically supported both investor confidence and global demand.                        

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Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management. 

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