Market Summary - 7.24.25

Top 5 Events in the Market Today

1.        Tesla Stock Falls After Earnings

-              After releasing lower than expected earnings, Tesla could be showing signs of suffering due to Musk’s political involvement.

2.        Trump Argues with Powell Over Fed Renovation

-              President Trump is continuing to use the renovation of the federal reserve building (2.5 billion over budget) as an angle of attack towards Powell.

3.        Alphabet (Google) Posts Better Than Expected Earnings

-              Google exceeded analyst expectations in both earnings and revenue.

4.        Nasdaq and S&P 500 Hit New Records

-              Both indices hit record highs after a strong Google earnings report, and overall strong performance in the tech sector.

5.        The US Is Close to Reaching a Trade Deal with the European Union

-              Multiple reports have come out concluding a trade deal should come soon, this comes after the US recently reached trade deals with Japan, Vietnam, and the Philippines.

Written By Joseph Loughran

*The views expressed in this article are for informational and analytical purposes only and do not constitute financial advice. All opinions reflect current market interpretations and are subject to change based on new developments. Quantovate AI is not a registered investment advisor. Please conduct your own research or consult with a financial professional before making investment decisions.