Aug 05, 2025 (Baystreet.ca via COMTEX) --
After stock markets spent the weekend reflecting on the weak July 2025 job report and its revision, the indices rose. Both S&P 500 (IVV) and Nasdaq (QQQ) were up by +1.95% and 1.47%, respectively. The Russell 2000 (IWM) added 2.24%.
The usual names boosted markets. Nvidia (NVDA), Meta Platforms (META), and Microsoft (MSFT) all gained. MSFT stock crossed the $4 trillion market cap last week and closed on Monday at an all-time high.
Stock markets are complacent about the U.S. President firing the Bureau of Labor Statistics (BLS) on weak grounds. Monthly job reports are prone to revisions. The government updates the data when it has newer data to work with. Similarly, threats to replace the Federal Reserve Chair Jerome Powell are not hurting markets.
Stock markets are less healthy if the independent central bank is in question. This did not stop investors from buying more long-term treasury bonds like the 20+ Year ETF (TLT). Unfortunately, the government uncertainties hurt the U.S. Dollar index (UUP). The Euro (FXE), Canadian dollar (FXC), and British Pound Sterling (FXB) all strengthened.
Stock markets have bullish momentum this week as firms post results this week. Watch Palantir (PLTR) after it posted its first billion-dollar revenue quarter. Eli Lilly (LLY) and Disney (DIS) also post results this week.
COMTEX_467807457/2559/2025-08-05T09:27:37
