US Stocks Continue to Hit Record Highs Despite Tech Pressures and Nasdaq Decline

Despite pressure from the technology sector, U.S. stocks continue to reach new record levels,
reflecting investor optimism about corporate earnings and the strength of other sectors.

Contents

Indexes
Markets

Indexes

The S&P 500 index rose slightly at the close of Tuesday’s session by 0.06% to finish at a new record high of 6,309.62 points — its highest closing level since the beginning of 2025 and the eleventh record close so far this year. Investors continued to assess major corporate earnings along with global trade developments.

The Dow Jones Industrial Average climbed by about 179.37 points or 0.40%, closing at 44,502.44 points. Meanwhile, the Nasdaq Composite fell by 0.39%, or 81 points, to close at 20,892 points, after achieving a record close in the previous session.

The decline in the Nasdaq was driven by a drop in tech stocks, particularly Nvidia, which fell by 2.55%, Broadcom by 3.34%, and TSMC by 1.78%, following reports that the $500 billion “Stargate” project — a joint venture between SoftBank and OpenAI — is facing challenges that led both firms to abandon short-term plans.

Markets

Markets were also affected by weaker-than-expected earnings from some major companies. Lockheed Martin’s stock dropped by about 11% after its second-quarter revenue missed analyst expectations, while Philip Morris shares lost nearly 8% for the same reason.

In contrast, healthcare sector stocks outperformed, driven by strong results. IQVIA’s stock surged by about 18% after posting better-than-expected earnings, while shares of Amgen and Merck also rose.

Small-cap stocks continued to perform well, with the Russell 2000 index up by 0.8%.
According to FactSet data, 88 companies from the S&P 500 have reported their earnings so far, and over 82% have exceeded analyst expectations. Investors are now awaiting results from major tech firms in the coming days, amid optimism that the positive earnings momentum could continue.

US Stocks Continue to Hit Record Highs Despite Tech Pressures

US Stocks Continue to Hit Record Highs Despite Tech Pressures and Nasdaq Decline

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