Indexes Finish Mixed as Dow Pares Early Gains

Gold slipped to a 2-week low

Laura McCandless

Deputy Editor

Jul 25, 2024 at 4:22 PM

Stocks finished mixed after yesterday's steep losses, digesting what's left of the tech selloff. The Dow finished the day a modest winner, paring an early jump of over 500 points, while the S&P 500 and Nasdaq moved slightly lower, the latter extending Wednesday's 654-point drop with its third-straight daily loss. This morning's GDP data had economists musing over the Federal Reserve's interest rate timeline, with many turning increasingly hopeful.

Continue reading for more on today's market, including:

Mining stock brushes off upbeat earnings and a bull note.
Disappointing forecast cuts into Honeywell stock.
Plus, behind F's plummet; a bear note for LULU; and what's happening next week.

closing summary july 25

nyse nasdaq July 25

5 Things to Know Today

ChatGPT creator OpenAI announced it was launching a new prototype, sending Alphabet (GOOGL) stock sliding. (MarketWatch)
The bankruptcy of privately owned hospital network Steward Health is now under investigation by the U.S. Senate. (Reuters)
Ford Motor stock crashed after earnings today.
JPMorgan Securities turned sour on athletic retailer.
Next week will bring the latest interest rate decision from the Federal Reserve.

Earnings July 25

Oil Bounces Off 6-Week Lows

Oil prices rebounded from six-week lows today, as demand worries waned. September-dated West Texas crude added 69 cents or 0.9%, to settle at $78.28 a barrel.

Gold prices succumbed to some profit taking after GDP data suggested an incoming lift for higher-for-longer interest rates. August-dated gold futures fell to a three-week bottom, down $62.20 or 2.6%, to settle at $2,353.50 per ounce for the day.

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