Major stock indices on track for a record close. NASDAQ trades to intraday new high.

August 12, 2025
-FXnews

The major stock indices are on track for a record close.

The S&P index high close was reached on July 31 at 6408.05. It is currently trading up 49.47 points or 0.78% at 6422.93.

For the NASDAQ index its high close was on August 11 at 21523.43. It is currently trading up 167 points or 0.79% at 21553.10. That has now surpassed the intraday high price from yesterday at 21549.73.

Airlines are also doing quite well today after Delta reported better than expected earnings.

EPS came in at $2.10 per share adjusted to beat forecasts for $2.06 per share.
Revenue increased less than 1% to $15.5 billion, narrowly topping views for $15.46 billion.

It’s shares are trading up 9.09% at $58.35, and tests the high price from July at $58.33. Looking at the chart below, the high price today is testing the high of a swing area between $56.52 and $58.33. Move above would add to the bullish bias

Major stock indices on track for a record close. NASDAQ trades to intraday new high.

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