Nasdaq Clings to Gains, New All-Time High Close

Tuesday, July 15, 2025Markets wilted into the final minutes of trading before Tuesday’s close, with only the tech-heavy Nasdaq staying in the green when the closing bell sounded. Off last Thursday’s highs, the Nasdaq has once again led the way among major market indexes. The Dow dropped -498 points today, -0.98%, while the S&P 500 was -24 points, -0.40%. The Nasdaq gained +37 points, +0.18%, while the small-cap Russell 2000 slid a considerable -44 points, -1.99% for the session.NVIDIA NVDA closed at a new all-time high, +4% on the session and now +27% year to date, even with the big pullback in early April. The AI chip leader will soon be allowed to resume sales of its H20 AI chip in China; three months ago the government told the company it would need an additional license to do so.Crypto Week Hits Procedural SnagIn what’s being dubbed “Crypto Week” on Capitol Hill, a procedural vote failed today, delaying the passage of key cryptocurrency allowances. Basically, certain Republicans in the House want to combine the three major crypto bills into one to put pressure on the Senate to pass all three, as well. But President Trump has already said he wants to pass the one piece of legislation of the three that is ready for his signature.J.B. Hunt Delivers Q2 Earnings MissArkansas-based transport services company J.B. Hunt JBHT delivered its third earnings miss in its last four quarters (9 of the last 12 quarters) in what has been a challenging industry for investors over the past few years. Earnings of $1.31 per share came in 3 cents lower than the Zacks consensus estimate (and a penny shy of the year-ago quarter), with revenues of $2.93 billion which matched the year-ago tally but was a tad light of the forecast $2.94 billion.Revenue performance gained on a +6% increase in its Intermodal business, and +13% on truckloads (strictly limited to JBT). Yet Operating Income slipped -4%to $197.3 million in the quarter. Shares are down -3% on the news, -12% year to date. The stock carried a Zacks Rank #4 (Sell) rating into today’s earnings report. (You can see the full Zacks Earnings Calendar here.)What to Expect from the Stock Market WednesdayWhile this morning’s CPI report for June gave us insights into the retail sector last month, Wednesday morning brings us the wholesale print: the Producer Price Index (PPI). Last month, ahead of tariff manifestations in the marketplace, headline PPI was +2.6% year over year, +2.7% on core. If we see the same jump we did in this morning’s CPI numbers, we could see ourselves back at a “3-handle” on wholesale prices, further inflating the cost of goods.We’ll also see plenty more Q2 earnings reports tomorrow, including financials Bank of America BAC, Morgan Stanley MS and Goldman Sachs GS and airline major United Airlines UAL. We’re still just ramping up on earnings, however; by next week, we’ll see days where more than 200 companies are reporting quarterly results.Questions or comments about this article and/or author? Click here>>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Bank of America Corporation (BAC): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report United Airlines Holdings Inc (UAL): Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks