In-depth analysis of the U.S. stock market on July 28: Nasdaq and S&P 500 hit new highs again, Tesla and Nvidia lead the gains, and the market heat wave is coming!
2025-07-29 11:22:22
The U.S. stock market on July 28 was like a barbecue grill in the summer, smoking hot! The Nasdaq and S&P 500 both hit record highs, and technology giants such as Tesla and Nvidia were on full throttle, while European auto stocks were "cool". The dollar soared, the euro plummeted, and gold and copper prices also took a roller coaster ride. Want to know what happened behind the scenes? This analysis full of practical information will take you to find out!
On July 28, the three major U.S. stock market rose and fell. The Nasdaq and S&P 500 continued their upward trend and hit new record highs, but the gains were limited, indicating that the market remained cautious before the "super week". Technology stocks became the focus, with Tesla and Nvidia leading the rise. The semiconductor sector performed well, while European auto stocks were under pressure due to the impact of the trade agreement. The US dollar rebounded strongly, the euro recorded its largest single-day drop since May, and gold and copper prices suffered a sharp drop. Let's take a deep look at this market feast!
S&P 500: closed up 1.13 points (+0.02%) at 6389.7 points, barely breaking the historical high of 6388.64 points on July 25, setting a new record.
Analysis: While the gains were small, they demonstrate market confidence in positive trade news and tech stocks. Investors await key data this week (such as the Federal Reserve's interest rate decision and the jobs report), suggesting potential short-term volatility.
Nasdaq: closed up 70.27 points (+0.33%) at 21,178.58 points, continuing to set a new closing record high. The Nasdaq 100 index rose 0.36% to 23,356.27 points.
Analysis: The strong performance of technology stocks is the main reason that pushed the Nasdaq to a new high, especially the continued popularity of AI-related stocks.
Dow Jones: closed down 64.36 points (-0.14%) to 44,837.56.
Analysis: The Dow Jones Industrial Average was dragged down by non-tech sectors as optimism about the trade deal failed to fully boost blue-chip stocks.
Tip: The S&P and Nasdaq's consecutive record highs appear encouraging, but the gains are modest, suggesting the market is likely awaiting more definitive signals. Looking to buy the dip? Wait for this week's macroeconomic data!
Tesla (TSLA): Two consecutive increases, closing up 3.02%!
Highlights: Tesla shares continued their rebound, benefiting from reports on robotaxis and optimistic expectations for its AI chip deal with Samsung.
Analysis: Although Tesla is still down about 19% this year, the recent progress of its robotaxi project has ignited market enthusiasm. Investors should pay attention to the key support level (225) and resistance level (430).
Opportunities: Continued breakthroughs in Tesla's autonomous driving technology could further boost its stock price, but caution is needed regarding the potential impact of trade policies on the supply chain.
Nvidia (NVDA): Up 1.88%, hitting a record high!
Highlights: Nvidia continues to lead the AI boom, with its stock price approaching $4 trillion in market capitalization, benefiting from China's H20 chip sales license.
Analysis: As the leader in AI chips, Nvidia's strong performance has driven the entire semiconductor sector, and the market is full of expectations for its Computex keynote speech.
Risk: High valuations may trigger a pullback, so pay attention to AI-related news and financial reports this week.
Other chip stocks:
AMD: Up 4.32%, benefiting from China's MI308 chip sales license.
Advanced Micro Computer (SMCI): surged 10.24%, becoming the best performing stock in the S&P 500, highlighting the strong demand for AI servers.
Semiconductor ETF (SMH): closed up 1.36%. The Philadelphia Semiconductor Index rose 1.62% to 5737.10 points.
Investment advice: The craze for chip stocks is still going on, with AI and data center demand being the core driving force. However, high valuations and trade policy uncertainty may bring short-term fluctuations. It is recommended to build positions in batches and pay attention to the performance during the earnings season.
European auto stocks: A "Waterloo" in the shadow of a trade deal
Market dynamics: Most European auto stocks fell, with Volkswagen down more than 3.5%, BMW and Mercedes-Benz falling between 3.21% and 3.62%.
Reason: The US-EU trade agreement (15% tariff) is considered more beneficial to the United States, and European automakers are facing cost pressure.
Analysis: Despite the reduction of tariffs from 30% to 15%, the automotive industry still needs to deal with supply chain adjustments and potential retaliatory measures. The EU's commitment to purchase $75 billion of US energy and arms may further squeeze the profit margins of European automakers.
Risk warning: European auto stocks are under pressure in the short term. Investors need to pay attention to possible countermeasures from the EU and the cost control capabilities of automakers.
US Dollar and Euro:
US dollar index: rose 1.1% to 98.67, close to a one-month high.
Euro: Plummeted 1.22%, its biggest one-day drop since May, to $1.176.
Analysis: The US-EU trade agreement boosted the dollar, as the market believes that the agreement is more beneficial to the U.S. Weak economic data in the eurozone and trade uncertainty further pressured the euro.
gold:
Dynamics: Gold futures fell 0.6% to $3,315 an ounce, falling for the fourth consecutive trading day, with an intraday drop of more than 1%.
Reason: A stronger dollar and rising appetite for risky assets have weakened gold's safe-haven appeal.
crude:
News: U.S. oil (WTI) closed up more than 2%, and at one point rose 3% during the session to $67.05 per barrel.
Reason: Trump shortened the ceasefire agreement between Russia and Ukraine, and geopolitical risks pushed up oil price expectations.
Opportunities: The energy ETF rose 1.14%. Oil and gas-related stocks (such as Diamondback Energy, which rose more than 4%) performed strongly. The energy sector can be paid attention to in the short term.
copper:
News: COMEX copper futures fell by more than 6.2% at one point as Chile was expected to be exempted from Trump's tariffs.
Impact on individual stocks: McEwen fell 6.1%, and **Freeport (FCX)** fell more than 5% at one point.
Analysis: The plunge in copper prices reflects market concerns about oversupply, and copper mining stocks need to be treated with caution in the short term.
Summary: A strong dollar and favorable geopolitical factors are pushing up oil prices, but gold and copper prices are under pressure. Investors should focus on short-term opportunities in the energy sector while being wary of commodity volatility.
Domestic futures: risk control upgraded, night trading cools down
Dynamics: Affected by the risk control measures of the exchange, the domestic futures night trading fell by more than 10%, glass fell by about 7.6%, coke fell by about 3.8%, and low-sulfur fuel oil rose by more than 1.9%.
Analysis: The exchange's "anti-involution" measures have curbed speculative sentiment, and the futures market may continue to fluctuate in the short term. Investors need to pay attention to policy trends and the performance of the main contracts.
This week is truly a "super week" as the market will see major events such as the Federal Reserve's interest rate decision, employment report and earnings reports from technology giants. Here are the key points to watch:
Federal Reserve rate decision (July 30): Markets expect interest rates to remain steady, but any hint of a rate cut could spark volatility.
Employment data (August 1): Non-farm payrolls data will provide clues about the health of the economy and may influence market expectations for Federal Reserve policy.
Tech earnings: Alphabet, Microsoft, Meta, Apple, and other giants will announce their results, with AI investment and the impact of tariffs being the focus.
Trade policy: The subsequent implementation of the US-EU trade agreement and the progress of US-China tariff negotiations will continue to influence market sentiment.
Investment Tips: Current market sentiment is optimistic but cautious. Investors are advised to remain flexible and focus on short-term opportunities in the technology and energy sectors, while being alert to potential shocks from trade policies and macro data.
The U.S. stock market on July 28 showed the strong momentum of technology stocks and the multiple impacts of trade policies. Technology giants such as Tesla and Nvidia continued to lead the market, and the energy sector performed well due to geopolitical factors, but the decline in European auto stocks and copper prices reminded us that market risks are everywhere. This week's heavy data and financial reports will point the way for the market. Investors need to stay sharp and seize opportunities!
Act now: Follow this public account to get more real-time market analysis! Share with friends and unlock the code of wealth together!
Source: Original article from the official account.
July 28 Market Overview: Tech Stocks Soar, Trade Uncertainty Rising
On July 28, the three major U.S. stock market rose and fell. The Nasdaq and S&P 500 continued their upward trend and hit new record highs, but the gains were limited, indicating that the market remained cautious before the "super week". Technology stocks became the focus, with Tesla and Nvidia leading the rise. The semiconductor sector performed well, while European auto stocks were under pressure due to the impact of the trade agreement. The US dollar rebounded strongly, the euro recorded its largest single-day drop since May, and gold and copper prices suffered a sharp drop. Let's take a deep look at this market feast!
The three major US stock indices: Nasdaq and S&P hit new highs, but cautious sentiment remains
S&P 500: closed up 1.13 points (+0.02%) at 6389.7 points, barely breaking the historical high of 6388.64 points on July 25, setting a new record.
Analysis: While the gains were small, they demonstrate market confidence in positive trade news and tech stocks. Investors await key data this week (such as the Federal Reserve's interest rate decision and the jobs report), suggesting potential short-term volatility.
Nasdaq: closed up 70.27 points (+0.33%) at 21,178.58 points, continuing to set a new closing record high. The Nasdaq 100 index rose 0.36% to 23,356.27 points.
Analysis: The strong performance of technology stocks is the main reason that pushed the Nasdaq to a new high, especially the continued popularity of AI-related stocks.
Dow Jones: closed down 64.36 points (-0.14%) to 44,837.56.
Analysis: The Dow Jones Industrial Average was dragged down by non-tech sectors as optimism about the trade deal failed to fully boost blue-chip stocks.
Tip: The S&P and Nasdaq's consecutive record highs appear encouraging, but the gains are modest, suggesting the market is likely awaiting more definitive signals. Looking to buy the dip? Wait for this week's macroeconomic data!
Tech giants and chip stocks: Tesla and Nvidia are unstoppable
Tesla (TSLA): Two consecutive increases, closing up 3.02%!
Highlights: Tesla shares continued their rebound, benefiting from reports on robotaxis and optimistic expectations for its AI chip deal with Samsung.
Analysis: Although Tesla is still down about 19% this year, the recent progress of its robotaxi project has ignited market enthusiasm. Investors should pay attention to the key support level (225) and resistance level (430).
Opportunities: Continued breakthroughs in Tesla's autonomous driving technology could further boost its stock price, but caution is needed regarding the potential impact of trade policies on the supply chain.
Nvidia (NVDA): Up 1.88%, hitting a record high!
Highlights: Nvidia continues to lead the AI boom, with its stock price approaching $4 trillion in market capitalization, benefiting from China's H20 chip sales license.
Analysis: As the leader in AI chips, Nvidia's strong performance has driven the entire semiconductor sector, and the market is full of expectations for its Computex keynote speech.
Risk: High valuations may trigger a pullback, so pay attention to AI-related news and financial reports this week.
Other chip stocks:
AMD: Up 4.32%, benefiting from China's MI308 chip sales license.
Advanced Micro Computer (SMCI): surged 10.24%, becoming the best performing stock in the S&P 500, highlighting the strong demand for AI servers.
Semiconductor ETF (SMH): closed up 1.36%. The Philadelphia Semiconductor Index rose 1.62% to 5737.10 points.
Investment advice: The craze for chip stocks is still going on, with AI and data center demand being the core driving force. However, high valuations and trade policy uncertainty may bring short-term fluctuations. It is recommended to build positions in batches and pay attention to the performance during the earnings season.
European auto stocks: A "Waterloo" in the shadow of a trade deal
Market dynamics: Most European auto stocks fell, with Volkswagen down more than 3.5%, BMW and Mercedes-Benz falling between 3.21% and 3.62%.
Reason: The US-EU trade agreement (15% tariff) is considered more beneficial to the United States, and European automakers are facing cost pressure.
Analysis: Despite the reduction of tariffs from 30% to 15%, the automotive industry still needs to deal with supply chain adjustments and potential retaliatory measures. The EU's commitment to purchase $75 billion of US energy and arms may further squeeze the profit margins of European automakers.
Risk warning: European auto stocks are under pressure in the short term. Investors need to pay attention to possible countermeasures from the EU and the cost control capabilities of automakers.
Foreign exchange and commodities: The US dollar soared, while gold and copper prices "dive"
US Dollar and Euro:
US dollar index: rose 1.1% to 98.67, close to a one-month high.
Euro: Plummeted 1.22%, its biggest one-day drop since May, to $1.176.
Analysis: The US-EU trade agreement boosted the dollar, as the market believes that the agreement is more beneficial to the U.S. Weak economic data in the eurozone and trade uncertainty further pressured the euro.
gold:
Dynamics: Gold futures fell 0.6% to $3,315 an ounce, falling for the fourth consecutive trading day, with an intraday drop of more than 1%.
Reason: A stronger dollar and rising appetite for risky assets have weakened gold's safe-haven appeal.
crude:
News: U.S. oil (WTI) closed up more than 2%, and at one point rose 3% during the session to $67.05 per barrel.
Reason: Trump shortened the ceasefire agreement between Russia and Ukraine, and geopolitical risks pushed up oil price expectations.
Opportunities: The energy ETF rose 1.14%. Oil and gas-related stocks (such as Diamondback Energy, which rose more than 4%) performed strongly. The energy sector can be paid attention to in the short term.
copper:
News: COMEX copper futures fell by more than 6.2% at one point as Chile was expected to be exempted from Trump's tariffs.
Impact on individual stocks: McEwen fell 6.1%, and **Freeport (FCX)** fell more than 5% at one point.
Analysis: The plunge in copper prices reflects market concerns about oversupply, and copper mining stocks need to be treated with caution in the short term.
Summary: A strong dollar and favorable geopolitical factors are pushing up oil prices, but gold and copper prices are under pressure. Investors should focus on short-term opportunities in the energy sector while being wary of commodity volatility.
Domestic futures: risk control upgraded, night trading cools down
Dynamics: Affected by the risk control measures of the exchange, the domestic futures night trading fell by more than 10%, glass fell by about 7.6%, coke fell by about 3.8%, and low-sulfur fuel oil rose by more than 1.9%.
Analysis: The exchange's "anti-involution" measures have curbed speculative sentiment, and the futures market may continue to fluctuate in the short term. Investors need to pay attention to policy trends and the performance of the main contracts.
Market Outlook: Super Week is coming, opportunities and risks coexist
This week is truly a "super week" as the market will see major events such as the Federal Reserve's interest rate decision, employment report and earnings reports from technology giants. Here are the key points to watch:
Federal Reserve rate decision (July 30): Markets expect interest rates to remain steady, but any hint of a rate cut could spark volatility.
Employment data (August 1): Non-farm payrolls data will provide clues about the health of the economy and may influence market expectations for Federal Reserve policy.
Tech earnings: Alphabet, Microsoft, Meta, Apple, and other giants will announce their results, with AI investment and the impact of tariffs being the focus.
Trade policy: The subsequent implementation of the US-EU trade agreement and the progress of US-China tariff negotiations will continue to influence market sentiment.
Investment Tips: Current market sentiment is optimistic but cautious. Investors are advised to remain flexible and focus on short-term opportunities in the technology and energy sectors, while being alert to potential shocks from trade policies and macro data.
Conclusion: Seize the wealth pulse at the end of July!
The U.S. stock market on July 28 showed the strong momentum of technology stocks and the multiple impacts of trade policies. Technology giants such as Tesla and Nvidia continued to lead the market, and the energy sector performed well due to geopolitical factors, but the decline in European auto stocks and copper prices reminded us that market risks are everywhere. This week's heavy data and financial reports will point the way for the market. Investors need to stay sharp and seize opportunities!
Act now: Follow this public account to get more real-time market analysis! Share with friends and unlock the code of wealth together!
Source: Original article from the official account.
- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
