Market Recap – July 25th
The markets were mixed with the S&P 500 up 0.13%, the Dow Jones up 0.28%, and the NASDAQ down 0.43%. Investors stayed jittery as the biggest week of the year is underway with loads of earnings and economic data.
Walmart was a major loser after the market closed, down 10 percent as they slashed their second quarter and full-year profit expectations after dealing with the worst of inflation, sending shocks through the retail industry. Although earnings were positive, NXP Semiconductors fell 5 percent after hours as the company gave investors reasons to caution due to the current climate.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.