Stock Market Summary – July 23, 2025

The stock market continues to perform well on the back of positive political developments, with the S&P 500 reaching new record highs. This improvement has been buoyed by several trade agreements, including a “massive deal” between the U.S. and Japan and an impending agreement with the European Union.

On the companies front, Broadcom shares initially dipped following reports that Meta Platforms may opt for MediaTek for its new flexible chip. However, the stock rebounded and traded up by around 0.75% later. The energy sector’s sluggish performance is also in focus, yet Wolfe Research identifies Peabody Energy as showing “one of the most convincing charts within energy.”

President Donald Trump is reportedly considering abolishing capital gains taxes on home sales. This comes after the launch of the No Tax on Home Sales Act intended to eliminate such taxes on primary home sales. The bill is largely targeted at long-term residents, particularly seniors residing in high-value areas, to increase housing availability and support financial security.

Among companies making the biggest midday moves, shares of GE Vernova soared by 14% due to increased power demand that compensated for impacts from President Trump’s tariffs. Other noteworthy performers include GoPro and Krispy Kreme, both of which saw stock prices surge by 21% and 8%, respectively, due to support from Reddit’s retail traders. On the unfortunate side, Fiserv shares dipped by 15% after the fintech company downgraded its full-year organic revenue guidance. Texas Instruments also saw share prices drop by more than 11% after releasing a disappointing third-quarter forecast.

Investment advisor Jim Cramer highlights GE Vernova’s excellent performance and cautions investors against chasing the stock’s steep rise at this time. Cramer also recommends watching out for earnings reports from Dover and Honeywell, both of which are projected to post encouraging results. Furthermore, he advises investors to be wary of meme traders manipulating the share prices of stocks such as GoPro and Krispy Kreme.

Texas Instruments’ shares plummeted by 13% due to warnings of potential fallout from ongoing tariffs. The semiconductor supplier expects third-quarter earnings between $1.36 and $1.60 per share. CEO Haviv Ilan cited a slow recovery in the automotive sector and persistent customer concerns about tariffs and geopolitical uncertainties as contributing factors.

Tesla is expected to report a second-quarter revenue of $22.74 billion after trading with an expectation of a decrease by 11% from the previous year. This would make it their second consecutive quarterly decline. One of the reasons acts for this slump includes CEO Elon Musk’s political activism, specifically support for President Donald Trump and endorsement of Germany’s extreme anti-immigrant AfD party. General Motors, on the other hand, saw a year-over-year rise of 111% in electric vehicle sales, with nearly 46,300 units sold in the second quarter.

The National Association of Realtors is pushing to end the three-decade-old capital gains tax on home sales, as suggested by President Donald Trump. Currently, this tax affects 15% of homeowners if they were to sell in today’s market, particularly impacting the retirees who want to downsize but are deterred by the resulting tax.

Researchers at the University of Florida have made promising strides towards a universal cancer vaccine. The experimental mRNA vaccine has been demonstrated in mice to amplify the anti-tumor effects of a common cancer drug. If replicated in humans, this could offer an alternative to surgery, radiation, and chemotherapy. The vaccine encourages the body to produce proteins that stimulate the immune system, making cancer cells more susceptible to immune attacks.

Current market data: Dow, S&P, Nasdaq, Tesla, and General Motors outstanding gains and losses not featured are therefore not reported. Analysts expect Tesla to report a decline in revenue for the second quarter while Texas Instruments shares have dropped by 13%. Other market data not reported in the articles cannot be provided.