Some bullish corporate earnings releases lifted both the S&P500 and Nasdaq to fresh record closing highs on Friday (26 July) - Dow up +51-points or +0.19%, with Coca Cola Company (up +2.07%) and Procter & Gamble (+1.74%) the major points contributors. The broader S&P500 +0.74% to 3,025.86, NASDAQ +1.11% to 8,330.21. In merger and acquisition (M&A) news, the US$26B merger between T-Mobile US Inc (up +5.43%) and Sprint Corporation (+7.39%) received the regulatory approval from the US Department of Justice. For the week, the Dow eked out a +0.14% gain, S&P500 +1.65% and Nasdaq +2.26%
