On July 25, 2025, U.S. stock indexes are showing modest gains, with the S&P 500 Index up +0.14%, the Dow Jones up +0.11%, and the Nasdaq 100 up +0.13%. Approximately 83% of S&P 500 companies that reported Q2 earnings exceeded profit estimates, supporting the market’s rise to new record highs. However, semiconductor giant Intel reported an unexpected Q2 loss of -10 cents per share, leading to a drop of over -9% in its stock.
Moreover, today’s economic news revealed a decrease of -0.7% in June’s capital goods new orders, falling short of expectations for a +0.1% increase. Markets are also bracing for President Trump’s upcoming August 1 tariff deadline, which could see increases in tariff rates between 15% and 50% across more than 150 countries. The percentage of analysts expecting a -25 basis point rate cut at the upcoming Federal Open Market Committee (FOMC) meeting on July 29-30 stands at 5%.
International markets are experiencing declines, with the Euro Stoxx 50 down -0.40% and Japan’s Nikkei 225 down -0.88%. Meanwhile, European government bond yields, particularly the 10-year German bund, have increased to a 3.75-month high of 2.769%.
