The S&P 500 and the Nasdaq gained for the fifth month in a row in July, and small-cap stocks bounced back on some upbeat economic indicators and cues of cooling inflation. Fitch initially raised concerns about a potential downgrade in May and continued to support that stance in June after the resolution of the debt ceiling crisis. The agency, however, stated its intention to conclude the review in the third quarter of the current year, per Reuters, quoted on Yahoo Finance.