On Wall Street, the three major indexes closed higher, with the S&P 500 achieving its 37th record close of 2024. The stock market gains have been driven by the strength of mega-cap tech names, with experts like Margie Patel sticking with these names for the future. Costco announced a membership fee increase starting September 1, 2024, while Amazon's Prime Day sales are set to kick off next week, potentially boosting the tech giant. The Federal Trade Commission is preparing to sue the top three drug managers over pricing tactics, following a lengthy investigation. Additionally, Amazon's AI-enabled PCs and the upcoming earnings reports from Pepsi, Progressive, and Delta Airlines are key events to watch. President Biden will also hold a news conference at the NATO summit in DC tomorrow. Stay tuned for these market-moving developments.