US stocks wrapped up a rollercoaster Thursday as investors juggled corporate earnings reports and global trade updates. The Dow dipped 0.7%, while the S&P 500 and Nasdaq squeaked out gains of 0.07% and 0.18%, respectively. 🎢
Tech and energy sectors flexed their muscles 💪, rising 0.67% and 0.71%, but consumer stocks took a hit (down 1.23%) as inflation worries lingered. Tesla’s 8.2% nosedive after missing earnings targets stole headlines, while Alphabet climbed 0.88% on strong results and big spending plans. 💸
Trade talks added drama: Recent deals with Japan and Southeast Asian nations boosted optimism, but all eyes are on the August 1 tariff deadline. Analysts warn new tariffs could spark inflation and squeeze profits. 🌍⚖️
Mega-cap tech like Nvidia and Microsoft rose over 1%, but Apple slipped. IBM and American Airlines tanked 7.6% and 9.6% despite beating profit forecasts—proof that markets are as unpredictable as a Netflix cliffhanger. 🍿
Reference(s):
cgtn.com
