Hey market movers! US stocks wrapped up a mixed day as corporate earnings and fresh trade deals kept everyone talking. The Dow dipped 0.7% to 44,693.91, while the S&P 500 nudged up to 6,363.35, and the Nasdaq climbed to 21,057.96.
Out of 11 major S&P 500 sectors, eight ended in the red—with consumer discretionary and materials taking a hit (-1.23% and -0.75%). Meanwhile, energy and tech sparked gains of 0.71% and 0.67% respectively, reminding us that even in a mixed market, some sectors still shine. 🚀
In a move that caught many eyes, US President Donald Trump secured new trade deals with Japan, Indonesia, and the Philippines. Officials hint at progress with the EU and other partners, easing market nerves despite concerns that any new tariffs might increase inflation and put pressure on company profits.
The earnings report delivered its own surprises. Tesla shares tumbled by 8.2% after missing quarterly estimates, while Alphabet buoyed investor sentiment with a 0.88% rise thanks to better-than-expected results and plans to boost capital spending. Tech giants like Nvidia, Microsoft, Amazon, and Broadcom enjoyed gains over 1%, even as Apple saw a slight dip.
Not all reports were smooth sailing: IBM fell by 7.62% despite beating profit expectations, and American Airlines dropped 9.62%. All these shifts, combined with the buzz surrounding the August 1 tariff deadline, made for a day full of suspense and surprises in the market.
Whether you're tracking stocks on your mobile or just staying updated on global trends, these developments show how dynamic and ever-changing the market landscape is. Stay savvy and keep riding the wave of change!
Reference(s):
cgtn.com
