Overview
On July 21, Monday, the U.S. stock market was mixed due to conflicting factors including corporate earnings and uncertainties around future trade policies. Initial optimism about the earnings season lifted the indices, but the potential for new tariffs weighed on the market.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News
Over 85% of companies in the S&P 500 that have reported their earnings exceeded market expectations, with particularly strong performances in the biotech sector driving up stock prices by 4%. Meanwhile, geopolitical factors, such as Japan's political landscape, also influenced the market as the yen strengthened.
Tomorrow's Economic Indicators
| Time | Indicator |
|---|---|
| 20:30 | Speech by Fed Chair Powell |
| 20:55 | U.S. Johnson Redbook Retail Sales Index |
| 23:00 | U.S. July Richmond Manufacturing Index |
General Opinion
This week's focus is on the earnings releases and future trade policy directions, particularly the potential for new tariffs set for August 1st. Despite short-term fluctuations, the market remains in a bullish trend with expectations that strong earnings could positively influence stock performance. However, investors are advised to remain cautious due to ongoing trade policy uncertainties.
