US stock market continued its winning streak as the S&P 500 and Nasdaq Composite reached new record highs, driven by strong corporate earnings, booming tech stocks, and growing hopes of a Federal Reserve rate cut.

U.S. equity futures showed little directional movement Thursday as investors processed rumors of potential trade deals alongside quarterly earnings from major corporations. Alphabet (NASDAQ:GOOGL) reported robust revenue growth led by its search and cloud businesses,

The S&P 500 edged up 0.06% to close at a record high of 6,309.62 on Tuesday (July 22), marking its 11th record close of 2025. The Dow Jones Industrial Average gained 179.37 points, or 0.40%, to finish at 44,