The Stock Market Boasts Near Record-Highs Despite Economic Uncertainty

A significant stock market drop in the early stages of the year has since resurged, leaving the S&P 500 and many stocks and indexes near highs. (Image via Opening Bell Daily)

Many U.S. stocks and indexes are approaching record highs, despite the economic uncertainty expressed by many in the country. Talks of a recession have also slowed.

The Nasdaq Composite ($20,895.66 at close: July 18 at 5:15:59 PM EDT) is up 10.06 points (+0.05%), and the S&P 500 ($6,296.79 at close: July 18 at 4:46:07 PM EDT) is down 0.57 points(-0.01%).

Both of these indices, while experiencing modest growth, have been on an upward trajectory near all-time highs, signifying a general rise in U.S. and some international stocks.

NVIDIA’s steady growth continues this trend, as it recently surpassed $4 trillion in market cap, becoming the first company to reach that milestone. In the last fiscal year, per Stock Analysis, NVIDIA experienced a stunning +46.12% increase in share values.

In light of controversies within fiscal policies during the current US presidency, the stock market continues its bullish ways, unperturbed for now.

Yet, despite the recent surge, uncertainty remains, and the future of the market and economy could be vastly different or mirror current conditions.

Next week, with the quarterly results of more than 100 S&P 500 stocks, investors will get a clearer picture of whether recent growth has been stimulated by earnings strength or inflated by market sentiment.