Stocks rise, Texas Instruments falls, Alphabet & Tesla earnings
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Diverging Reports Breakdown
Stock Market Today: Dow, S&P 500, Nasdaq Rise After Japan Trade Deal; Big Tech Earnings; Tesla, Alphabet, Texas Instruments and More Movers
The Nasdaq and S&P were each on track for record closes. The Dow was within 100 points of its Dec. 4 record.
The stock market is entering a gauntlet of major earnings reports from a position of strength.
Heading into the final hour of trading, the Dow was up 466 points, or 1.1%, while the S&P 500 was up 0.7%. The Nasdaq Composite was up 0.5%.The Nasdaq and S&P were each on track for record closes, while the Dow was within 100 points of its Dec. 4 record.
For the S&P, it would be a third consecutive record close. The last time it had a streak that long was in December, when it rose for four days, according to Dow Jones Market Data.
Stock market today: Dow, S&P 500, Nasdaq rise on US-Japan deal hopes, with Tesla and Google on deck
The Dow Jones Industrial Average rose more than 1%, aiming for its first record close of 2025. The S&P 500 and tech-heavy Nasdaq Composite nudged up around 0.6%, with both once again pacing for record closes. The US pact with Japan places a 15% tariff on imports from the country, President Trump said. The major-partner breakthrough lifted optimism that more trade deals will be sealed before Aug. 1, when Trump’s sweeping tariffs kick in.
The Dow Jones Industrial Average (^DJI) rose more than 1%, or roughly 450 points, aiming for its first record close of 2025. The S&P 500 (^GSPC) moved up 0.7%, and tech-heavy Nasdaq Composite (^IXIC) nudged up around 0.6%, with both once again pacing for record closes.
The US pact with Japan places a 15% tariff on imports from the country, President Trump said — a step down from the threatened 25% duties set to hit next week. For its part, Tokyo will make $550 billion in US investment. “It’s a great deal for everybody,” Trump said late Tuesday.
Read more: The latest on Trump’s tariffs
The major-partner breakthrough lifted optimism that more trade deals will be sealed before Aug. 1, when Trump’s sweeping tariffs kick in. While negotiations with the European Union, India, and other large partners have dragged of late, reports on Wednesday suggested a deal with the EU was taking shape, while Treasury Secretary Scott Bessent touted progress with China.
Economists believe that if tariffs then average out at 15%, that would be manageable for the global economy, limiting damage.
But the stock market rally faces a big test in Google-parent Alphabet and Tesla’s earnings due after the bell, the first of the “Magnificent Seven” to report.
Tesla CEO Elon Musk’s rocky relationship with Trump is looming large over the EV maker’s earnings. With its stock down nearly 18% year-to-date, investors are watching for updates on the company’s core auto business and its robotaxi rollout.
With Alphabet, investors are looking for signs that AI investments are starting to pay off as the company pours billions into the technology. A federal judge’s decision that could force the company to sell Google Chrome will also be in focus.
Read more: Full earnings coverage in our live blog
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Earnings live: AT&T stock slides despite subscriber surge; Tesla and Google earnings in focus
Second quarter earnings season is in full swing, with 112 S&P 500 companies reporting results. Companies had a lower bar to clear coming into the quarter, as President Trump’s tariffs, stocks’ lofty valuations, and uncertainty about the health of the US economy.
Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump’s tariffs, stocks’ lofty valuations, and uncertainty about the health of the US economy.
This week, investors will get a glimpse of how corporate leaders are navigating these challenges, with 112 S&P 500 companies reporting results, including GM (GM), Coca-Cola (KO), Alphabet (GOOGL, GOOG), and Tesla (TSLA).
Data from FactSet published Friday showed that with 12% of the index having reported results, analysts now expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter.
Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023.
Here are the latest updates from corporate America.
LIVE
58 updates
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For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here
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Dow Jones Today: S&P 500 Hits New High as Stocks Rise on Trade Deal Optimism; Investors Awaiting Alphabet, Tesla Earnings After the Closing Bell
The S&P 500 (SPX) was up 0.7% recently at an all-time high, while the Dow Jones Industrial Average (DJI) rose 1.1%. The tech-heavy Nasdaq Composite (IXIC) tacked on 0.5%. Stocks were coming off a mixed performance on Tuesday as investors digested a slew of earnings reports from major companies. The 10-year Treasury note, which affects borrowing costs on all sorts of consumer and business loans, was at 4.39%, up from 4.34% at yesterday’s close.Bitcoin was at $118,400 recently, down from an overnight high of $120,300. The digital currency has gotten a boost from the approval last week of landmark legislation that aims to bring cryptocurrencies more into the financial mainstream.
The S&P 500 (SPX) was up 0.7% recently at an all-time high, while the Dow Jones Industrial Average (DJI) rose 1.1%, approaching its first new high since December, and the tech-heavy Nasdaq Composite (IXIC) tacked on 0.5%. Stocks were coming off a mixed performance on Tuesday—the S&P 500 inched higher to close at a record high for the third straight day, while the Nasdaq Composite lost ground for the first time in seven days—as investors digested a slew of earnings reports from major companies.
Market sentiment got a boost overnight after President Donald Trump announced that imports from Japan would face tariffs of 15% under a new trade deal, lower than the 25% levy that the U.S. had originally announced. The news comes ahead of an August 1 deadline for the U.S. to impose hefty tariffs on leading trading partners. Analysts have said that high tariffs could spark inflation, hurt economic growth and take a bite out of corporate profits.
Shares of Japanese automakers were among the big gainers Wednesday following news of the trade deal. U.S.-traded shares of Toyota (TM) and Honda (HMC) each jumped about 13%. Shares of Big Three automakers Stellantis (STLA) and General Motors (GM) advanced 11% and 8%, respectively.
Among the latest companies to report earnings, shares of GE Vernova (GEV) surged 14% after the energy equipment manufacturer’s results topped analysts’ expectations, while AT&T (T) wavered between slight gains and losses after reporting a better-than-expected profit but disappointing internet subscriber growth. Texas instruments (TXN) tumbled 13% after the analog chip maker issued a weak profit outlook, while fintech company Fiserv (FI) plunged 15% to lead S&P 500 decliners.
Shares of EV maker Tesla (TSLA) inched higher, while shares of Google parent Alphabet (GOOG) fell slightly ahead of the highly anticipated release after today’s closing bell of quarterly results from the two tech giants.
Other mega-cap tech stocks were higher across the board. AI chip giant Nvidia (NVDA) climbed more than 2%, while Meta Platforms (META) and Broadcom (AVGO) each gained about 1%, and Microsoft (MSFT), Apple (AAPL) and Amazon (AMZN) rose slightly.
Bitcoin was at $118,400 recently, down from an overnight high of $120,300. The digital currency, which is not far from its record high of $123,000, has gotten a boost from the approval last week of landmark legislation that aims to bring cryptocurrencies more into the financial mainstream.
The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of consumer and business loans, was at 4.39%, up from 4.34% at yesterday’s close. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was down 0.2% at 97.21.
Gold futures were down 1.2% at $3,405 an ounce on Wednesday, after hitting their highest level since mid-June during yesterday’s session. West Texas Intermediate futures, the U.S. crude oil benchmark, rose 0.2% to $65.45 per barrel, after hitting their lowest level in a month this morning.
Earnings live: AT&T stock slides despite subscriber surge; Tesla and Google earnings in focus
Second quarter earnings season is in full swing, with 112 S&P 500 companies reporting results. Companies had a lower bar to clear coming into the quarter, as President Trump’s tariffs, stocks’ lofty valuations, and uncertainty about the health of the US economy.
Companies had a lower bar to clear coming into the quarter, as analysts tempered their expectations amid President Trump’s tariffs, stocks’ lofty valuations, and uncertainty about the health of the US economy.
This week, investors will get a glimpse of how corporate leaders are navigating these challenges, with 112 S&P 500 companies reporting results, including GM (GM), Coca-Cola (KO), Alphabet (GOOGL, GOOG), and Tesla (TSLA).
Data from FactSet published Friday showed that with 12% of the index having reported results, analysts now expect S&P 500 companies to report a 5.6% jump in earnings per share during the second quarter.
Heading into the quarter, analysts expected S&P 500 earnings to rise 5% in Q2, which would mark the slowest pace of earnings growth since the fourth quarter of 2023.
Here are the latest updates from corporate America.
LIVE
58 updates
Story Continues
For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here
Read the latest financial and business news from Yahoo Finance
Source: https://finance.yahoo.com/video/stocks-rise-texas-instruments-falls-171710614.html