S&P 500, Nasdaq open higher; Dow falls as UnitedHealth, IBM, Honeywell weigh
ADVERTISEMENT The Dow Jones Industrial Average fell 233.9 points, or 0.52%, at the open to 44776.41. The S&P 500 rose 9.7 points, or 0.15%, to 6368.6, while the Nasdaq Composite rose 63.8 points, or 0.30%, to 21083.818.
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News18
39 minutes ago
- News18
‘Nation's Interest Prior For Us': PM Modi Touts Made-In-India Weapons During Op Sindoor
Last Updated: PM Modi praised 'Make In India' for Operation Sindoor's success with indigenous weapons and criticised Congress for weakening defense manufacturing. Prime Minister Narendra Modi on Tuesday emphasised on 'Make In India' initiative saying that the indigenously developed weapons played a decisive role in Operation Sindoor- India's military strikes against Pakistan in response to Pahalgam terror attack. While speaking during the special discussion in the Lok Sabha on 'India's strong, successful and decisive Operation Sindoor in response to the terror attack in Pahalgam," the Prime Minister highlighted that for the first time since independence, his government took bold steps in defence sector and strengthened manufacturing. PM Modi further thanked the young generation working in private sector for the prodcution of defence weapons. 'I thank the 25-30 year-olds working in private defence production for playing a vital role in Operation Sindoor." He further said that his government established the position of Chief of Defence Staff. 'We initiated a series of response- some even for the first time in Independence like Chief of Defence staff. our government brought reforms. I commend the three forces for accepting these changes," he added. He also lashed out at the previous Congress governments for deliberately weakening the defence manufacturing in the country. 'Our historic defence manufacturing was deliberately weakened after independence. Under Congress, self-reliance for the armed forces was ignored. They chased personal gains in defence deals," he said. 'On one hand, India is moving ahead at a fast pace towards self-reliance, but Congress is becoming dependent on Pakistan for issues. Unfortunately, Congress is importing issues from Pakistan…" he added. The Prime Minister further asserted that the BJP has always put nation's interest prior to everything else owing to which the decisions became productive. Earlier today, Rajnath Singh said, 'I am proud to say that our Air Defence system, Counter-Drone system, and electronic equipment completely foiled this attack by Pakistan. Pakistan could not hit any of our targets, and none of our important assets were damaged. Our security arrangements were impregnable, and every attack was thwarted." During Operation Sindoor, India's Akash missile defence system and security shields like the S-400 fortified the nation's defences. Pakistan launched a wave of drone attacks using UAVs acquired from Turkey. While Pakistan rained drones, India's defence system proved strong, intercepting and destroying about 99 percent of them in time. On the intervening night of May 7 and 8, Pakistan attempted to engage a number of military targets in northern and western India, including Awantipora, Srinagar, Jammu, Pathankote, Amritsar, Kapurthala, Jalandhar, Ludhiana, Adampur, Bathinda, Chandigarh, Nal, Phalodi, Uttarlai, and Bhuj, using drones and missiles. These were neutralised by the Integrated Counter UAS (Unmanned Aerial Systems) Grid and Air Defence systems. Air Defence systems detect, track, and neutralise threats using a network of radars, control centres, artillery, and both aircraft- and ground-based missiles. On the morning of May 8, the armed forces targeted air defence radars and systems at a number of locations in Pakistan. India used battle-proven air defence systems like the Pechora, OSA-AK and LLAD guns (low-level air defence guns), as well as indigenous systems such as the Akash, which demonstrated stellar performance. Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! view comments Location : New Delhi, India, India First Published: July 29, 2025, 20:16 IST News india 'Nation's Interest Prior For Us': PM Modi Touts Made-In-India Weapons During Op Sindoor Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
an hour ago
- Mint
Wall Street Today: Nasdaq, S&P hit record high; Sofi, Novo Nordisk, UnitedHealth shares in focus after Q2 results
Wall Street Today: The benchmark indices on Wall Street opened higher on Tuesday, 29 July 2025, as investors focused on the second-quarter results and the upcoming US Federal Reserve (Fed) policy announcement. At 9:30 a.m. (EDT), The Dow Jones Industrial Average was down 0.01% at the open to 44,833.74. The S&P 500 rose 0.25% at the open to 6,405.62, while the Nasdaq Composite rose 0.51% to 21,286.725 at the opening bell. UnitedHealth Group's shares were trading more than 4% lower ahead of the US market open on Tuesday at $269.75, compared to $282.12 at the previous Wall Street session. The company's full-year earnings per share projections of at least $16 and the net profits for the second quarter fell short of analyst estimates. Sofi Technologies' share price jumped over 10% in the premarket session on the US markets at $23.19, compared to $21.02 at the previous US market close, after the firm announced a 44% rise in its net revenues to a record $858 million. The company's net income skyrocketed 459% in the April-June quarter of 2025. Novo Nordisk shares are also in focus after the stock dropped more than 22% on the Denmark stock exchange on Tuesday, after declaring its second-quarter results. Novo Nordisk ADR shares, listed on the NYSE, dropped 21.49% to $54.38 during the premarket session on 29 July 2025. (This is a developing story. Please check back for updates.) Read all US stock market news here Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
an hour ago
- Time of India
S&P 500, Nasdaq tick at record highs with earnings, Fed meeting in focus
U.S. stock indexes are ticking higher on Tuesday as an incredibly busy week for Wall Street picks up momentum. The S&P 500 was up 0.2% in early trading after setting an all-time high in six straight days. The Dow Jones Industrial Average was virtually unchanged as of 9:35 a.m. Eastern time, and the Nasdaq composite was adding 0.5% to its own record. JetBlue Airways climbed 14.4%, and SoFi Technologies jumped 16.2%, but Merck dropped 7.8% following a growing torrent of profit reports from big U.S. companies. They're among the hundreds of companies telling investors this week how much they made during the spring, including nearly a third of the stocks in the S&P 500 index. Treasury yields were easing a bit in the bond market as the Federal Reserve gets set to begin a two-day meeting where they will decide what to do with short-term interest rates. Despite angry lobbying from President Donald Trump for lower rates, which would give the economy a boost, the widespread expectation is that the Fed will wait for more data about how Trump's tariffs are affecting inflation and the economy before making its next move. Chinese stock indexes, meanwhile, were mixed as top trade officials from the world's two largest economies headed into a second day of talks about tariffs. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting in Sweden's capital and working against an Aug. 12 deadline. If they don't reach a deal or at least an extension on their truce by then, triple-digit tariffs are set to resume. Live Events Later this week, another deadline is looming on Friday for many of Trump's proposed tariffs on other countries. And if that weren't enough, several highly anticipated economic reports are also on the way, including the latest monthly update on the job market. This jam-packed week could prove pivotal in determining whether the U.S. stock market can keep climbing to more records or succumb to criticism that it's grown too expensive following its quick leap in recent months. One way companies can tamp down such criticism is to deliver solid growth in profits. That helped Beyond, whose stock came into the day with a gain of nearly 109% for the year so far. The company, which owns Bed Bath & Beyond, Overstock and other brands, reported stronger results for the latest quarter than analysts expected. It lost $19 million during the quarter, but that was better than forecast, and its stock rose 3.4%. But investors have also been punishing stocks of companies that have failed to meet expectations so far this reporting season. UnitedHealth Group dropped 5.1% after reporting a profit for the spring that fell short of analysts' expectations. It also gave a forecast for profit over all of 2025 that investors found disappointing. The health care giant said it expected to earn at least $16 per share, when analysts were looking for something close to $20, according to FactSet. In stock markets abroad, Japan's Nikkei fell 0.8%, but indexes elsewhere rose across much of Asia and Europe. In the bond market, the yield on the 10-year U.S. Treasury eased to 4.39% from 4.42% late Monday.
