Cboe''s Weekly Market Recap: July 5th to July 8th Following weeks of consistent bearish action, the markets took a slight breather last week. Despite the Federal Reserve’s decision to raise interest rates by another 75 basis points, stock market indices have rallied on the news. Specifically, the SPDR SP 500 ETF (NASDAQ: SPY ) has experienced two weekly increases in three weeks for the first time since late March. The SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA) also exhibited this behavior. Cboe Global Markets Inc. (BATS: CBOE ) reports price ascensions in a number of U.S. funds tracking major indices, including the Nasdaq 100 Index, the Russell 2000 Index and the SP 500 Index. Similar optimism is observed in some European stock markets, specifically in Germany’s DAX 30, while others have maintained bearish price action (albeit in a diminished capacity.) Adding to the optimism, Charles V. Bergh’s Levi Strauss Co. (NYSE: LEVI ) wins charts of the week following a surprise earnings report. Finally, Cboe notes important upcoming earnings that may lift investors’ eyebrows in the following week.