Stock market today: Dow, S&P 500, Nasdaq trade mixed as Wall Street weighs Google, Tesla earnings
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
Stock market today: Dow, S&P 500, Nasdaq trade mixed as Wall Street weighs Google, Tesla earnings
The Dow Jones Industrial Average dropped 0.3%, paring earlier losses amid a post-earnings slide in IBM. The Nasdaq Composite rose roughly 0.1%, while the S&P 500 climbed 0.2%. The EU and US are closing in on an agreement that would impose a 15% tariff for most imports from Europe, instead of the 30% threatened, media reports said. weekly initial jobless claims data on Thursday morning gave evidence of a “no fire, no hire” labor market, while continuing claims hovered near their highest since 2021.
The Dow Jones Industrial Average (^DJI) dropped 0.3%, paring earlier losses amid a post-earnings slide in IBM (IBM) shares, after the blue-chip index ended Wednesday just shy of its first record close this year.
Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.1%, while the S&P 500 (^GSPC) climbed 0.2% on the heels of more all-time closing highs.
Alphabet beat Wall Street’s second-quarter earnings expectations and doubled down on its AI spending spree. The Google parent’s shares rose alongside other AI-linked stocks such as Nvidia (NVDA), helping buoy the tech-focused gauges.
Read more: Full earnings coverage in our live blog
But fellow “Magnificent Seven” stalwart Tesla’s stock sank after an earnings miss, a continued slump in European sales, and a warning from CEO Elon Musk that the EV maker faced “rough quarters” as President Trump’s budget bill kills off tax credits.
Earnings season continues on Thursday with results from Intel (INTC) and American Airlines (AAL).
Meanwhile, trade deal hopes continued to run high after the US-Japan pact helped fuel more records for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) on Wednesday.
The EU and US are closing in on an agreement that would impose a 15% tariff for most imports from Europe, instead of the 30% threatened, media reports said.
Read more: The latest on Trump’s tariffs
That rate is emerging as a potential new baseline for the “reciprocal” tariffs set to kick in on Aug. 1, going by Trump’s comments late Wednesday. Previously, the president had imposed a 10% baseline rate on countries as part of his sweeping April tariffs.
On the economic front, weekly initial jobless claims data on Thursday morning gave evidence of a “no fire, no hire” labor market. Claims hit their lowest level since April, while continuing claims — a sign that those out of work are taking longer to find new jobs — hovered near their highest since 2021.
Updates on US manufacturing and services activity in July and new home sales are also on the docket.
LIVE
14 updates
Stock market today: Dow, S&P 500, Nasdaq trade mixed as Wall Street weighs Google, Tesla earnings
The Dow Jones Industrial Average dropped 0.3%, paring earlier losses amid a post-earnings slide in IBM. The Nasdaq Composite rose roughly 0.1%, while the S&P 500 climbed 0.2%. The EU and US are closing in on an agreement that would impose a 15% tariff for most imports from Europe, instead of the 30% threatened, media reports said. weekly initial jobless claims data on Thursday morning gave evidence of a “no fire, no hire” labor market, while continuing claims hovered near their highest since 2021.
The Dow Jones Industrial Average (^DJI) dropped 0.3%, paring earlier losses amid a post-earnings slide in IBM (IBM) shares, after the blue-chip index ended Wednesday just shy of its first record close this year.
Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.1%, while the S&P 500 (^GSPC) climbed 0.2% on the heels of more all-time closing highs.
Alphabet beat Wall Street’s second-quarter earnings expectations and doubled down on its AI spending spree. The Google parent’s shares rose alongside other AI-linked stocks such as Nvidia (NVDA), helping buoy the tech-focused gauges.
Read more: Full earnings coverage in our live blog
But fellow “Magnificent Seven” stalwart Tesla’s stock sank after an earnings miss, a continued slump in European sales, and a warning from CEO Elon Musk that the EV maker faced “rough quarters” as President Trump’s budget bill kills off tax credits.
Earnings season continues on Thursday with results from Intel (INTC) and American Airlines (AAL).
Meanwhile, trade deal hopes continued to run high after the US-Japan pact helped fuel more records for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) on Wednesday.
The EU and US are closing in on an agreement that would impose a 15% tariff for most imports from Europe, instead of the 30% threatened, media reports said.
Read more: The latest on Trump’s tariffs
That rate is emerging as a potential new baseline for the “reciprocal” tariffs set to kick in on Aug. 1, going by Trump’s comments late Wednesday. Previously, the president had imposed a 10% baseline rate on countries as part of his sweeping April tariffs.
On the economic front, weekly initial jobless claims data on Thursday morning gave evidence of a “no fire, no hire” labor market. Claims hit their lowest level since April, while continuing claims — a sign that those out of work are taking longer to find new jobs — hovered near their highest since 2021.
Updates on US manufacturing and services activity in July and new home sales are also on the docket.
LIVE
14 updates
Stock market today: Dow, S&P 500, Nasdaq trade mixed as Wall Street weighs Google, Tesla earnings
The Dow Jones Industrial Average dropped 0.3%, paring earlier losses amid a post-earnings slide in IBM. The Nasdaq Composite rose roughly 0.1%, while the S&P 500 climbed 0.2%. The EU and US are closing in on an agreement that would impose a 15% tariff for most imports from Europe, instead of the 30% threatened, media reports said. weekly initial jobless claims data on Thursday morning gave evidence of a “no fire, no hire” labor market, while continuing claims hovered near their highest since 2021.
The Dow Jones Industrial Average (^DJI) dropped 0.3%, paring earlier losses amid a post-earnings slide in IBM (IBM) shares, after the blue-chip index ended Wednesday just shy of its first record close this year.
Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.1%, while the S&P 500 (^GSPC) climbed 0.2% on the heels of more all-time closing highs.
Alphabet beat Wall Street’s second-quarter earnings expectations and doubled down on its AI spending spree. The Google parent’s shares rose alongside other AI-linked stocks such as Nvidia (NVDA), helping buoy the tech-focused gauges.
Read more: Full earnings coverage in our live blog
But fellow “Magnificent Seven” stalwart Tesla’s stock sank after an earnings miss, a continued slump in European sales, and a warning from CEO Elon Musk that the EV maker faced “rough quarters” as President Trump’s budget bill kills off tax credits.
Earnings season continues on Thursday with results from Intel (INTC) and American Airlines (AAL).
Meanwhile, trade deal hopes continued to run high after the US-Japan pact helped fuel more records for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) on Wednesday.
The EU and US are closing in on an agreement that would impose a 15% tariff for most imports from Europe, instead of the 30% threatened, media reports said.
Read more: The latest on Trump’s tariffs
That rate is emerging as a potential new baseline for the “reciprocal” tariffs set to kick in on Aug. 1, going by Trump’s comments late Wednesday. Previously, the president had imposed a 10% baseline rate on countries as part of his sweeping April tariffs.
On the economic front, weekly initial jobless claims data on Thursday morning gave evidence of a “no fire, no hire” labor market. Claims hit their lowest level since April, while continuing claims — a sign that those out of work are taking longer to find new jobs — hovered near their highest since 2021.
Updates on US manufacturing and services activity in July and new home sales are also on the docket.
LIVE
14 updates