S&P 500 Index ($ SPX) (SPY) closed on Friday -0.01%, Dow Jones Industries Index ($ Dowi) (Dia) -0.32%closed down, and Nasdaq 100 Index ($ IUXX) ($ IUXX) -0.05%. The September E -Mini S&P Futures (ESU25) fell down, and September E -Mini Nasdaq Futures (NQU25) -0.10%fell.
The stocks gave an initial advance on Friday and decreased slightly on mixed income results and weakness in health insurance providers. Netflix fell over 5% and was weighed on technology shares after the company unanimously estimated the operating margin of the entire year below.
Join 200k+ customers: Find out that Midde Barkart Brief Newslator should be required for thousands of people.
In addition, health insurance stocks retreated after losing a lawsuit to Humna after losing a lawsuit to cut their medicare bonus payment and after reducing health after height.
After the Financial Times, on Friday afternoon, the stocks suffered minor losses that President Trump is emphasizing for a minimum tariff of 15% -20% in any trade deal with the European Union (EU), as Mr. Trump is unaffected by the latest European Union offering to reduce car tariffs. In addition, the Financial Times said that the European Union Trade Commissioner Sephakovic on Friday assessed the trade talks to the European Union Ambassadors in Washington.
Stock index initially moved higher on Friday, with S&P 500 and Nasdaq 100 new record high posting. Bulish factors consisted of strong-to-introduced housing and generally introduced excited income reports. In addition, the US July Consumer Affairs Index of Michigan University increased to a height of 5 months more than expected.
Falling bond yields are supporters of the stock on Thursday evening after Fed Governor Christopher Wallar’s Doviz Comments, who said that he supports the load in the fed interest rate at the July 29–30 FOMC meeting. In addition, the report of Michigan University’s July inflation expectations had a boom for relaxed T-notes and shares in Friday’s inflation expectations. 10 -year -old T -Note yield -2 BP fell to 4.43%.
The US June Housing grows stronger than the expectations of 1.300 million, growing from 4.6% meter/m to 1.321 million. In addition, the June building permit, a proxy for future construction increased +0.2% m/m to 1.397 million vs. -0.5% m/m decline of decline by 1.387 million.
The University of Michigan’s July US Consumer Affairs Index stronger than expected of 61.8, increased to a 5 -month high of 61.8 to 61.8.
Michigan University’s US July 1-year inflation fell at a 5-month low of 4.4%, better than expectations of no change at +5.0%. In addition, the inflation of July 5–10 years was reduced to a 5-month low of 3.6%than expectations +3.9%.
On Thursday evening, Fed Governor Christopher Waller said, “With the opposite risk for limiting inflation and inflation near the target, we should not wait until we get spoiled before the labor market is spoiled before cutting the policy rate. I believe it makes sense to cut FOMC policy rate.”
Recent trade news has put some pressure on shares. President Trump said late Wednesday that he intends to send a tariff letter to more than 150 countries, informing them that their tariff rate could be 10% or 15%, effective from 1 August, and this group “were not” big countries that do not do so much business with America. “
In addition, President Trump announced in the last weekend that the US would impose 30% tariffs on US imports from European Union and Mexico from August 1. Mr. Trump said last Thursday that 35% tariff on some Canadian products will be effective on 1 August. Last week, Mr. Trump imposed a 50% tariff on copper imports, which would include semi-fantasy goods, and said that pharmaceutical companies could face up to 200% tariffs on imports if they do not move production in the US within next year.
Federal Fund futures prices are offering a discount of 58% in the following meeting on July 29-30 FOMC meeting and 58% in the following meeting on 16-17 September.
The income season started in Bayana this week as the Big Bank income results were stronger than expected. According to Bloomberg Intelligence, now the initial results are on track to increase the S&P500 for the second quarter to increase +3.2% for the second quarter. In addition, only six of the eleven S&P 500 regions are estimated to post the lowest income increase since the Yardney Research, according to Yardney Research.
Foreign stock markets became mixed on Friday. The Euro Stocksx closed down 50 -0.33%. China’s Shanghai Composite +0.50%shut down. Japan’s Nikkei Stock 225 2.5 -wealth fell from high and closed down -0.21%.
Interest rates
September 10-Year T-Nots (Znu25) closed +8.5 ticks on Friday. The yield of 10 -year T -Note -2.3 BP fell to 4.428%. T-Nots on Friday increased the comments of Fed Governor Christopher Waller, who said that he cuts a Fed rate at the July 29–30 FOMC meeting. In addition, the expectations of inflation in Friday’s Michigan University report were rapid for T-notes.
On the recession, Friday’s US housing report was stronger than expected. In addition, Friday’s growth at the University of Michigan was negative for the July consumer spirit T-notes at a 5-month high level.
The yield of European government bonds increased on Friday. 10 -year -old German Bund yield +2.0 bp increased to 2.695%. The 10-year-old UK gilt yield climbed up to 4.684% of 1.5 months high and eliminated +1.9 bp to 4.674%.
Eurozone construction production -1.7% m/m fell, the biggest decline in about 2.5 years.
German June PPI -1.3% y/y fell, correct on expectations and the highest speed of decline in 9 months.
In the July 24 policy meeting, the ECB is offering a discount to swaps at 1% for cutting -25 BP rate cuts.
US Stock Movers
The weakness in managed health care stocks was weighed in a broad market on Friday. Molina Healthcare (MOH) shut down more than -10% to lead losing in S&P 500, and Elevink Partners shut down more than -8% after downgrating the stock for market performance from outperform. In addition, Centene (CNC) -3%closed over 3%, and CVS Health Corps (CVS) and United Health Group (UNH) -2%closed. In addition, Humana (HUM) shut down more than -1%, as he had lost the case to cut his medicare bonus payment.
Netflix (NFLX) below 29.7%unanimously, after forecasting the full -year operating margin of 29.5%, closed over -5%.
The 3m CO (MMM) shut down its entire year’s organic sales estimate of +2% to +3% from the previous forecast to +2% and shut down more than -3% to lead loser in Dove Jones Industrial.
Sarepta Therapeutics (SRPT) -36% shut down, as he said that another patient died of acute liver failure after receiving one of his experimental gene remedies for a muscle disease.
Autoliv (ALV) below the general consensus of 9.35%, the Q2 of 9.30%closed over -4%after adjusting the adjusted operating margin.
The Builders FirstSores (BLDR) shut down more than -3% after the Downgrade by Zelman and Associates to underpare the stock.
The American Express (AXP) shut down over -2% after reporting a total expenses of $ 12.90 billion of $ 12.90 billion, which was above the consensus of $ 12.73 billion.
Talen Energy (TLN) +closed over 24% after receiving gas -powered power plants at $ 3.5 billion in Pennsylvania and Ohio.
Invesco Ltd (IVZ) S&P 500 closed more than +15% to lead the beneficiaries, as it had recorded a proxy statement with SEC, which demands the Invesco QQQ Trust Series 1 to be converted from Unit Investment Trust to an open-ended fund.
The Interactive Brokers Group (IBKR) shut down over 7% after reporting a total net interest income of $ 860 million, which was above the unanimous of $ 794.7 million.
The field financial (RF) closed more than +6% after reporting a $ 1.27 billion Q2 net interest income, better than the consensus of $ 1.24 billion, and increased its full-year net interest income growth estimates from +3% to +1% to +4%.
Abbott Laboratories (ABT) closed over +2% after upgrading the stock to buy from hold with a price target of $ 145 by Jeffers.
The Norfolk Southern (NSC) reported over +2% that Union Pacific is asked to discover the company’s acquisition.
Charles Schwab (SCHW) closed over 2% after reporting Q2 net revenue of $ 5.85 billion, which was stronger than a consensus of $ 5.72 billion.
Earning Report (7/21/2025)
Agnc Investment Corp (AgNC), Alexandria Real Estate Equities (Hai), Bok Financial Corp (Bokf), Cleveland-Cliffs Inc., Crown Holdings Inc. (ELS), Medpace Holdings INC (Medp), NXP Semicanconds, NXP SEMICANCONSS.
On the date of publication, Rich Escpland did not have the positions mentioned in any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
