The stock market closed lower on Monday as investors await key inflation reading on Thursday. Moreover, President Donald Trump reportedly extended China tariff deadline to another 90 days.
Overall, S&P 500 and NASDAQ fell 0.3% to 6,373 and 21,385, respectively.
Tweet of the Day
Great research Bill @wabuffo, this figure hasn’t been above 100 since February 2022.
Good news for the stock market. Economy in the US is looking up. $V
Below: Visa Spending Momentum Index, Headline US https://t.co/pas44onxFG pic.twitter.com/I5DFLMKYV5
— David Sharek (@GrowthStockGuy) August 7, 2025
Chart of the Day
Here is the one-year chart of Visa (V) as of August 1, 2025, when the stock was at $339.
Visa’s data shows the US economy is heating up as consumer spending rises. The company’s Spending Momentum Index of 100.1 showed a positive reading in July for the first time since February 2022. This indicator shows the year-over-year change in consumer spending within an economy.
The US Headline (seasonally-adjusted) number had been in the 90s for more than three years (it was 95.7 in June 2025). This news is bullish for the US economy and the stock market overall.
In last quarter’s earnings call, management said it is expecting a fundamentally strong Q4 and continued resilient consumer spending.
V is part of our Conservative Growth Portfolio and Growth Portfolio.
