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U.S. stocks close mixed amid wave of earnings 2025/7/23 source: Print

NEW YORK, July 22 (Xinhua) -- U.S. stocks ended mixed Tuesday as investors digested another round of corporate earnings and fresh trade developments.

The Dow Jones Industrial Average gained 0.4 percent to close at 44,502.44. The S&P 500 edged up 0.06 percent to 6,309.62, notching another record close. The Nasdaq Composite dropped 0.39 percent to settle at 20,892.69, weighed down by losses in major technology names.

Nine of the 11 primary S&P 500 sectors ended in positive territory. Health care and real estate led the advance with gains of 1.9 percent and 1.78 percent, respectively. Technology and communication services were the only sectors to fall, down 1.08 percent and 0.31 percent, respectively.

Markets recovered from earlier losses after U.S. President Donald Trump announced a new trade agreement with the Philippines, sparking hopes for broader progress on international trade.

So far, 88 S&P 500 companies have reported second-quarter earnings, with more than 82 percent beating analysts' estimates, according to FactSet.

Investor focus now turns to Wednesday's earnings from Alphabet and Tesla, the earliest of the so-called "Magnificent Seven" mega-cap tech firms to report this season.

"This market's pretty stalled out," Jay Hatfield, CEO at Infrastructure Capital Advisors, told CNBC. "We are going to need to have very strong tech earnings to propel the market much higher." 


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