S&P 500, NASDAQ Edge Lower, Retreat From Record Highs
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Stock futures were mostly flat on Tuesday (July 22), following record closes for the S&P 500 and Nasdaq Composite in the previous session. Futures linked to the S&P 500 hovered just below the flatline,
The stock market has been making fresh records, but there are risks building, including AI disappointment and a potentially weaker job market, HSBC said.
Wall Street is hanging around its records following some mixed profit reports, as General Motors and other big U.S. companies give updates on how much President Donald Trump’s tariffs are
Verizon Communications helped lead the way and rose 4%. The telecom giant reported a stronger profit for the latest quarter than analysts expected, along with higher revenue than forecast. Following the better-than-expected performance, Verizon raised its forecasts for profit and other financial measures for the full year.
Meanwhile, US stock investors are the most bullish they've been in two years. Conversations about the market often take a familiar shape. When stocks go up, it's a good day.
The US stock market soared after Trump’s reelection in November on hopes his administration would unleash a pro-business boom. ... The Nasdaq records its biggest single-day decline since 2022.
Asian shares were mixed on Tuesday after U.S. stock indexes inched to more records at the start of a week of profit updates from big U.S. companies. Japan’s benchmark surged and then fell back as it reopened from a holiday Monday following the ruling coalition's loss of its upper house majority in Sunday's election.