U.S. Stocks Surge — S&P 500 and Nasdaq Hit Fresh Record Highs

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 traded 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%+