US Stock Market outlook: S&P 500, Dow Jones, Nasdaq projections made by experts

US stocks closed lower on Wall Street, pulling the S&P 500 and the Nasdaq composite below the records they set a day earlier. S&P 500 fell 0.3 per cent on Friday. Dow Jones Industrial Average gave back 0.6 per cent. Nasdaq composite slipped 0.2 per cent. Treasury yields rose in the bond market. The yield on the 10-year Treasury note climbed to 4.42 per cent.

The S&P 500 is little changed so far this week, but the benchmark stock index has surged 26 per cent since April to all-time high levels. The S&P 500 is up nearly 7 per cent in 2025, just over halfway through the year. In the latest sign of positive stock momentum, Nvidia Corp this week became the first publicly traded company to hit $4 trillion in market value, fueled by a massive run for AI chipmaker's stock price.

Investors are looking toward the end of the year into next year where fundamentals are better, and they are willing to look through some short-term uncertainty as they get there, said Chris Fasciano, chief market strategist at Commonwealth Financial Network. In focus will be whether executives indicate if they are able to forecast and make decisions in areas such as capital investment and hiring despite the still-shifting trade backdrop, Fasciano said.


The uncertainty hasn't gone away, but I'm curious to see how much of the uncertainty they feel they have a better understanding of in terms of longer-term plans, Fasciano said.

US Stock Market Prediction

Reports from banks will dominate the week, including results from JPMorgan Chase, Bank of America and Goldman Sachs. Among the other major companies reporting next week are Netflix, Johnson & Johnson and 3M.

The impact of tariffs will also be at issue with the consumer price index for June, due on Tuesday, which will shed light on inflation trends. CPI is expected to increase 0.3% on a monthly basis, an acceleration from the prior month, according to economists polled by Reuters. A busy week of economic data will also be highlighted by monthly retail sales on Thursday.

Investors are eager for the Federal Reserve to resume interest rate cuts, but central bank officials have cited worries that tariffs will drive inflation higher as reasons for holding off on changing monetary policy.

This past Wednesday was expected to be a key deadline, marking the end of Trump's pause on many of the harsh "reciprocal" tariffs he unveiled in April. This week, he launched an array of levies, many scheduled to take effect on August 1.

Still, most investors appear to be banking on the U.S. avoiding higher tariff rates as Washington strikes deals in coming weeks with trading partners such as Japan and South Korea, said Anthony Saglimbene, chief market strategist at Ameriprise Financial.

FAQs

Q1. What are US Stock Market indexes?
A1. Top three US Stock Market indexes are S&P 500, Nasdaq, and Nasdaq composite.

Q2. Which companies are reporting results next week?
A2. Reports from banks will dominate the week, including results from JPMorgan Chase, Bank of America and Goldman Sachs. Among the other major companies reporting next week are Netflix, Johnson & Johnson and 3M.