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Advisors on This Week’s Show
(with Jason Scuglik and Joel Dresang)
Week in Review (July 7-11, 2025)
Significant Indicators & Reports
Monday
No major releases
Tuesday
U.S. consumer spending slowed in May with credit card debt decreasing for the fourth time in seven months. The Federal Reserve Board reported revolving consumer credit debt outstanding sank by an annual rate of 3.2% in May. Since peaking in October, the measure was down 3.8%. Consumer spending driving more than two-thirds of U.S. economic output, so economists watch credit card debt for signs of consumer confidence and capacity. Non-revolving debt, including student loans and vehicle financing, rose at an annual rate of 2.8% in May.
Wednesday
No major releases
Thursday
The four-week moving average for initial unemployment claims fell for the third week in a row to its lowest level in five weeks. The average dipped 35% from the 58-year average but was 17% higher than just before the onset of the COVID-19 pandemic. Total claims rose 2% in the latest week to more than 1.9 million, which was 4.5% higher than the same time last year.
Friday
No major releases
Market Closings for the Week
- Nasdaq – 20586, down 16 points or 0.1%
- Standard & Poor’s 500 – 6260, down 20 points or 0.3%
- Dow Jones Industrial – 44372, down 457 points or 1.0%
- 10-year U.S. Treasury Note – 4.42%, up 0.08 point