Market Update: S&P 500 and Nasdaq Set New Records

The S&P 500 and Nasdaq Composite achieved significant milestones recently, with the S&P 500 closing at a record for the 13th time this year. The Nasdaq Composite also marked its 14th record close in 2025. Currently, the S&P 500 has seen an 8.2% increase this year, while the Nasdaq has risen by 9%. Additionally, the NYSE Composite hit a new high as well, up 9.2% in 2025.

On the tech side, the Nasdaq 100 also reached a new peak, reflecting a 10.5% rise this year. ETFs are performing well, with some, like EUFN, increasing by 40%. Among standout performers in ETFs are German Commerzbank, Société Générale, and Deutsche Bank, all seeing notable gains this year.

Space Industry Developments

CNBC’s Morgan Brennan reported on Firefly Aerospace, a Texas-based company making waves in the space sector. They aim to facilitate space operations “anytime, anywhere.” In the past month, several companies in this field, like Rocket Lab, have experienced substantial growth, with its stock up 43% recently and 88% over the year. Intuitive Machines and Planet Labs each rose by 23% in the past month, while AST Spacemobile remarkably surged by 185% over the year.

Sector Highlights

In the industrial sector, which grew by 5.7% last month, the S&P Industrials ranks just behind technology as the second-best performer recently. Dominic Chu from Sectornomics pointed out that materials have been steady as well, rising about 8% in 2025, with Newmont leading the way with a 65% year-over-year increase. Also notable is Ge Vernova, which saw a 22% growth last month, and United Rentals, up 18% in the same timeframe.

Looking ahead, CNBC’s “Squawk Box” will highlight results and market reactions from Phillips 66, where CEO Mark Lashier will be featured. The stock currently stands 17% lower than its peak last July.