Monday (28 Jul)
President Donald Trump announced that the global blanket tariff would likely be within the region of 15% to 20%.
Energy and defense stocks rose after the European Union agreed to buy $750bil worth of US energy and hundred of billions of military equipment as a part of its trade deal agreement over the weekend with the US. Most European goods now has a 15% tariff imposes by the US.
Tuesday (29 Jul)
Bureau of Labor Statistics reported that job openings had slipped in June to their lowest level since March.
Earnings:
United Parcel Service (UPS) missed expectation with its lack of revenue and profit guidance a hit to its stock price.
Whirlpool (WHR) fell after reporting a miss on its revenue and missing analysts’ estimates.
Boeing (BA) reported a better than expected quarterly loss and had also delivered the most airplanes since 2018.
Paypal (PYPL) reported better than expect earnings and also rose full-year outlook on its earnings as well as transactional margin dollars.
Nucor (NUE) missed estimates on its steel production revenue and also anticipates next quarter earnings to be lower due to reduction in earnings from its steel mills division.
Cadence Design Systems (CDNS) beat both top and bottom lines for its latest quarterly results.
Wednesday (30 Jul)
Fed held rates steady with no intention at the moment to cut rates.
President Donald Trump announced the 25% tariff that India will face starting Friday due to trade barriers.
Separately he wrote in a Truth Social post that August 1st trade deadline will not be extended.
US economy grows faster than expected in Q2, coming in at 3% while Dow Jones’ polled economists were expecting a 2.3% increase.
Payrolls rose and came in better than expectation verse a loss of jobs a month earlier.
Earnings:
Spotify Technology (SPOT) reported disappointed earnings and guidance.
Starbucks (SBUX) reported better than expected earnings.
Novo Nordisk (NVO) cut its full-year guidance due to weaker US sales growth expectation.
Caesars Entertainment (CZR) reported a surprise loss.
Visa (V) reported a low double-digit net revenue growth for 2025 while having a better than expected earnings for the quarter.
Qualcomm (QCOM) reported better than expected earnings.
Thursday (31 Jul)
President Donald Trump announced that a 25% duty on Mexican imports would be delayed by another 90 days.
He has also sent letters to 17 drugmakers requesting them to lower prices within 60 days.
Newly listed IPO stock Figma (FIG) had its price more than tripled in its stunning debut.
Earnings:
Microsoft (MSFT) joined the $4 trillion club after a blowout earnings report that showed its Azure cloud computing business as a core driver.
Meta (META) both reported better-than-expected quarterly earnings as its investment in AI had greatly contributed to its ads monetization.
Apple (AAPL) reported that iPhone sales and its overall revenue grew at its strongest pace since Dec 2021. Chinese subsidy also contributed to device sales.
Friday (1 Aug)
Nonfarm payrolls expanded by 73,000 last month, which was beneath the consensus estimate from economists.
Earnings: Amazon (AMZN) offered weaker profit guidance despite better than expected earnings.
Saturday (2 Aug)
Berkshire Hathaway (BRK) reported a small decline in second-quarter operating earnings in addition to a warning that tariffs will cause a negative impact.