2 Economic Events That Could Affect Your Portfolio This Week, July 7-11, 2025

Business Insider

7 hours ago

Stock indexes closed the abbreviated week with strong gains, advancing in three of the four trading sessions. The S&P 500 (SPX) and the tech-heavy Nasdaq-100 (NDX) gained 2.25% and 1.87%, respectively, both reaching new record levels. Meanwhile, the Dow Jones Industrial Average (DJIA) surged 3.32% for the week, closing less than 1% below its all-time high.
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Stocks rallied as another batch of uncertainties was taken off the table. The U.S. signed a trade deal with Vietnam, an emerging global outsourcing and manufacturing hub striving to replace China for U.S. corporations. President Trump's U.S.-Vietnam agreement eliminates tariffs on American exports to Vietnam while imposing a 20% tariff on Vietnamese imports, benefiting American exporters and multinationals with manufacturing, assembly, or logistics operations in Vietnam.
On Thursday, the House narrowly passed President Trump's $3.4 trillion fiscal package – widely referred to as the 'One Big Beautiful Bill.' The bill is immensely favorable for U.S. corporations – outside of the removal of tax incentives for renewables and a hit to Medicaid providers due to funding cuts – as it includes corporate tax cuts, major infrastructure investments, R&D incentives, and more. Importantly, the budget package is expected to boost business investment, productivity, and job creation, while increasing long-run GDP growth. However, concerns about higher federal deficits remain unanswered at the moment, with some economists warning that they could reduce the net positive effect on the economy.
Moreover, on the same day, investors received confirmation that the U.S. economy is happily chugging along, with no recession or even significant weakness in sight. Data showed the economy added 147,000 jobs in June, surpassing expectations, while the unemployment rate fell to 4.1%. This signals a strong job market and portends optimism for consumer spending. The positive surprise from the strength of the economy – amid some remaining tariff uncertainty – outweighed the decline in wagers on Federal Reserve rate cuts.
Two Economic Events
This week is packed with Federal Reserve governors' speeches but light on major economic data releases. However, the following two key economic events could impact your portfolio. For a full list of additional economic reports, check out the TipRanks Economic Calendar.
» May Consumer Credit Change – Monday, 07/07 – This report measures the monthly change in total outstanding consumer credit, excluding mortgage debt. It provides insight into how much consumers are borrowing to finance spending on goods and services. Rising consumer credit can signal strong confidence and robust household spending, while declines may indicate caution or financial strain.
» June NFIB Business Optimism Index – Tuesday, 07/08 – This report gauges the health of small businesses in the U.S. and their expectations for the SME business environment. Small and medium-sized enterprises (SMEs) account for roughly 50% of the private workforce and about 45% of U.S. economic activity, making their well-being critical to the broader economy.