U.S. Stocks Surge — S&P 500 and Nasdaq Hit Fresh Record Highs
Source Tradingkey
TradingKey – On Monday, July 21, both the S&P 500 and Nasdaq Composite extended their record-breaking streaks, driven by strength in tech megacaps.
- The S&P 500 hit an intraday high of 6,336.08, closing up 0.14% at 6,305.60
- The Nasdaq peaked at 21,077.36, before settling at 20,974.17
Chart: S&P 500 Index – Source: TradingView
Tech Titans Lead the Charge
Among the “Magnificent Seven”:
- Alphabet (GOOG) surged nearly 3%
- Amazon (AMZN) gained over 1% Both closed at all-time highs
Meta (META) and Apple (AAPL) also rose around 1%, despite intraday pullbacks.
Crypto Stocks Lag Despite Broader Rally
While equities rallied, Bitcoin (BTC) remained under pressure, stuck below the $120,000 mark for the seventh straight day. At press time, BTC trades at $116,487, with bearish momentum threatening a drop toward $110,000.
Chart: Bitcoin Price – Source: TradingView
Crypto-linked stocks declined across the board:
- SharpLink Gaming (SBET): down 12%+
- Canaan Inc. (CAN): down 9%+
- Robinhood (HOOD): down nearly 5%
- Circle (CRCL): down 3%+
- Coinbase (COIN): down 1%+
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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