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Yahoo
18 minutes ago
- Yahoo
Stock market today: S&P 500 ekes out new record amid wave of earnings, trade updates
US stocks closed mixed Tuesday, but the benchmark S&P 500 (^GSPC) was able to eke out a new record as Wall Street digested a new batch of earnings, including a tariff warning from General Motors (GM), while also weighing the latest trade developments. The S&P closed just above the flat line to secure the fresh all-time high of 6,309.62. The Nasdaq Composite (^IXIC) dropped around 0.4% ahead of Big Tech earnings, while the Dow Jones Industrial Average (^DJI) rose 0.4%. Markets bounced off earlier losses after President Trump announced a new trade deal with the Philippines, in a potential sign that more positive developments on the trade front could be on the horizon. So far, the market has proven resilient in the face of tariff uncertainty, with the S&P 500 and Nasdaq hitting fresh record closes on Monday. Earnings season has been largely upbeat, buoying stocks and sentiment — though the market is now weighing how far the recent rally can run. Earnings results from a wave of companies on Tuesday were mixed. The stocks of General Motors (GM), Philip Morris (PM), RTX (RTX), and Lockheed Martin (LMT) sank after their quarterly results disappointed Wall Street. General Motors reported that its core profit sank over 32% in the second quarter as tariff headwinds sapped $1.1 billion from its results. The Big Three automaker warned the hit would be deeper in the current quarter, providing food for thought to investors assessing the impact of President Trump's trade policy. Read more: Full earnings coverage in our live blog At the same time, Wall Street awaits second-quarter results from "Magnificent Seven" members Alphabet (GOOGL, GOOG) and Tesla (TSLA) on Wednesday. As the valuation of large-cap tech stocks soars, investors are hoping for reassurance that the hype around AI is more than just buzz. Meanwhile, the clock is ticking on trade. Trump's August 1 deadline to strike a deal or raise tariffs is fast approaching but progress remains elusive. Talks with India are reportedly deadlocked, while negotiations with the European Union continue to stall. There is some movement on China. Treasury Secretary Scott Bessent said he'll meet his Chinese counterpart next week in Stockholm with discussions expected to include a possible extension of the August 12 deadline to avoid sharply higher tariffs. Read more: The latest on Trump's tariffs LIVE 21 updates
Yahoo
18 minutes ago
- Yahoo
Acumentrics Partners with Vic Myers Associates to Expand Market Presence in the Western United States
WALPOLE, Mass., July 22, 2025--(BUSINESS WIRE)--Acumentrics, a leader in reliable, rugged power solutions for mission-critical applications, is proud to announce a new strategic partnership with Vic Myers Associates (VMA), a manufacturers' representative firm with deep technical roots and decades of experience in complex electronic systems. VMA will serve as Acumentrics' regional representative across New Mexico, Arizona, Utah, Colorado, Nevada, Idaho, Montana, and Wyoming, further strengthening Acumentrics' support network and market presence across the Western U.S. Founded in 1978, Vic Myers Associates has earned a reputation as a trusted technical sales partner, specializing in advanced solutions for the military, aerospace, space, test & measurement, and industrial markets. Their team of experienced field engineers offer deep technical insight and customer-focused guidance throughout the design process, providing in-depth product knowledge and application expertise to ensure optimal integration of technology into complex systems. "With their long-standing relationships and technical depth in key verticals like aerospace and defense, Vic Myers Associates is an ideal extension of Acumentrics' sales team in this important region," said Brian Price, Vice President of Global Sales & Marketing at Acumentrics. "Their ability to support our customers from early design concepts through deployment is a natural fit with Acumentrics' lifecycle approach to power systems." Ryan Christian, President of Vic Myers Associates, shared his perspective: "We're excited to join forces with Acumentrics and help bring their robust power technologies to our customer base. Their expertise in SWaP-optimized, MIL-STD-compliant power solutions aligns well with the demands of the platforms we support, and we look forward to growing together in the years ahead." This collaboration marks a significant step forward in Acumentrics' mission to provide customers with high-performance, reliable power solutions designed to meet the rigorous demands of today's defense, aerospace, and industrial environments. Together, Acumentrics and Vic Myers Associates will deliver greater accessibility, responsiveness, and value to customers across the Western United States. Click here for high resolution image of Vic Myers Associates logo. View source version on Contacts Brian Price Global Vice President of Sales and MarketingAcumentrics, Inc.781-815-6047bprice@ Jason Quinten Western Regional Sales ManagerAcumentrics, Inc.781-824-3973jquinten@ Ryan Christian President, Field Engineer (AZ/NV)Vic Myers Associates480-577-7172ryanc@ Sign in to access your portfolio
Bloomberg
20 minutes ago
- Bloomberg
Opendoor Soars as Traders Flock to New Meme Stock
Eric Jackson, founder and president of EMJ Capital, talks about Opendoor's wild week, what led him to invest in the company and why he doesn't consider it to be a real 'meme stock.' (Source: Bloomberg)
