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<US>DJIA Concludes Down 316Pts as Tesla & IBM Sag ~8% Post-Earnings
The market was watchful of changes in trade agreements and quarterly corporate earnings, leading to mixed developments in US stocks on Thursday. The S&P 500 closed up by 4 poin...
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<US>DJIA Concludes Down 316Pts as Tesla & IBM Sag ~8% Post-Earnings
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The market was watchful of changes in trade agreements and quarterly corporate earnings, leading to mixed developments in US stocks on Thursday.

The S&P 500 closed up by 4 points at 6,363; and the Nasdaq rose by 37 points or 0.2% to 21,057, both setting new closing highs. However, the DJIA concluded down by 316 points or 0.7% at 44,693, dented by plunges in IBM (IBM.US)      and Tesla (TSLA.US)      .

Related NewsFed Interest Rate Decision for July 2025 in United States is 4.5%, unchanged from its last period. The forecast was 4.5%.
Tesla's 2Q earnings missed forecast with automotive revenue down 16%, whereas Elon Musk warned of challenging times ahead in the coming quarters, resulting in an 8.2% slump in its stock price for the day.

IBM (IBM.US)      logged a 20% upswing in earnings, topping expectations, but its software gross margin was slightly lower, leading to a 7.6% drop in its stock price.

Alphabet (GOOG.US)      reported a 19% hike in 2Q earnings, beating expectations, and raised its full-year capex, with its stock price initially soaring nearly 4% before closing with a gain of 0.9%.

Related NewsADP Employment Change for Jul in United States is 104K, higher than the previous value of -33K. The forecast was 75K.
Major techs were in a mixed bag, with Nvidia (NVDA.US)      and Amazon (AMZN.US)      both adding 1.7%, and Apple (AAPL.US)      dipping 0.2%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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