The stock market keeps climbing even though expectations for Fed rate cuts are falling. That’s not what usually happens.

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Live Updates Live Coverage Updates appear automatically as they are published. Order Up Some Chipotle? 9:38 am BMO Capital analyst Andrew Strelzik upgraded Chipotle Mexican Grill (NYSE: CMG) to Outperform this morning with a price target of $65.

With Wall Street's surge to record highs, the U.S. stock market looks nearly as expensive as ever, and investors are debating whether the lofty valuations are a bearish signal or justified by the technology-heavy market's profit outlook.

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.

US stock futures rose slightly on Friday (July 18) after the S&P 500 closed at a record high in the previous session, with major indexes on pace to end the week in positive territory. Futures tied to the S&P 500 and Nasdaq-100 each ticked up 0.