Dow, S&P 500, Nasdaq slide to stable month on bitter be aware as Trump’s tariff deadline, jobs report loom

Yahoo Finance’s Dan Howley stories:

Learn extra right here.

Shares closed decrease as President Trump’s tariff deal deadline approached and traders awaited extra key earnings from Huge Tech gamers after blowout quarters from (META) and Microsoft (MSFT).

The Nasdaq Composite (^IXIC) fell under the flatline whereas the S&P 500 (^GSPC) additionally closed down almost 0.4% The Dow Jones Industrial Common (^DJI) slid 0.7%.

After notching a sequence of all-time excessive closes in July, the S&P 500 and Nasdaq closed out the month with features of two.3% and three.7%, respectively.

Nonetheless, the markets stalled within the final couple of periods because the Aug. 1 tariff deadline for US buying and selling companions loomed and the Federal Reserve opted to maintain rates of interest unchanged for now.

Yahoo Finance’s Francisco Velasquez stories:

Learn extra right here.

By many measures, hiring momentum has slowed within the US labor market.

That is anticipated to proceed with Friday’s jobs report, which economists challenge will present the US economic system added 104,000 jobs in July. This is able to mark the bottom month-to-month job acquire since February.

However whereas month-to-month job additions have moved decrease together with the nationwide hiring price, so too has the general variety of staff taking part within the labor power. This, Fed Chair Jerome Powell mentioned on Wednesday, means the labor market stays balanced.

When requested straight which metric this has Powell watching within the month-to-month jobs report, the Fed chair mentioned, “the principle quantity it’s important to take a look at now’s the unemployment price.”

a one-year chart getting into Friday’s report, that key metric has been comparatively regular in what Powell described as a “traditionally” low vary for a yr now and is one purpose the central financial institution is not dashing to chop rates of interest.

Yahoo Finance’s Ben Werschkul stories:

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Apple (AAPL) is scheduled to announce its third quarter earnings after the bell on Thursday, as Wall Road appears to be like for indicators of motion on the corporate’s AI plans and a view into how a lot tariff-related prices are consuming into its margins, Yahoo Finance’s Dan Howley stories.

Howley writes:

Learn extra concerning the tech big’s upcoming quarterly outcomes right here.

Meme inventory FOMO is taking a breather, Yahoo Finance’s Francisco Velasquez stories.

Velasquez writes:

Learn the complete story right here.

Reddit shares jumped almost 5% Thursday morning forward of the social media’s second quarter earnings report after the bell.

Reddit’s outcomes after the bell Thursday come as Wall Road scrutinizes how modifications to Google Search’s algorithm might have an effect on the social media platform’s every day lively customers, which fell under expectations within the US previously two quarters.

Wall Road analysts tracked by Bloomberg anticipate Reddit to report adjusted earnings per share of $0.72, up from final yr’s loss per share of $0.06. They challenge the corporate’s second quarter income to hit $425 million, up 50% from the prior yr, in keeping with Bloomberg information.

Analysts anticipate world every day lively customers to climb 20% from the prior yr to roughly 110 million for the interval and US customers to rise greater than 9% to 50.5 million.

Learn extra about Reddit’s upcoming report right here.

CoreWeave (CRWV) shares surged greater than 12% Thursday on the heels of robust earnings stories from two of its prospects, Microsoft (MSFT) and Meta (META).

Microsoft is CoreWeave’s largest buyer, accounting for 72% of its income within the burgeoning cloud supplier’s most up-to-date quarterly earnings report. Microsoft spent $88.2 billion in its fiscal yr 2025, forward of the $80 billion it beforehand forecast. That determine represented a 58% enhance within the tech big’s spending from the prior yr.

Microsoft mentioned its spending will develop at a slower tempo in its 2026 fiscal yr. In the course of the first quarter, it expects to spend $30 billion, a 50% enhance from the prior yr.

“We’ll proceed to speculate towards the expansive alternative forward throughout each capital expenditures and working bills given our management place in business cloud, robust demand alerts for our cloud and AI choices, and vital contracted backlog,” Microsoft CFO Amy Hood mentioned in an earnings name with analysts.

Microsoft’s (MSFT) market capitalization formally hit the $4 trillion mark Thursday, making it the second firm behind Nvidia (NVDA) to realize the feat.

Shares of Microsoft climbed as a lot as 8% Thursday morning earlier than paring features, up roughly 5% shortly after the market opened.

Microsoft, Apple (AAPL), and Nvidia have traded locations because the world’s most dear corporations. Nvidia nonetheless retains the highest spot after a surprising comeback from a rocky first half of the yr, with its market cap sitting round $4.4 trillion as of Thursday. Apple’s was simply over $3 trillion in morning buying and selling.

The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) surged on Thursday, on observe for contemporary document highs after robust Meta (META) and Microsoft (MSFT) earnings fueled a spike in tech shares.

The Nasdaq climbed roughly 1.3%, whereas the S&P 500 rose 0.8%. The Dow Jones Industrial Common (^DJI) lagged, up lower than 0.1%.

Financial information: Challenger jobs cuts (July); Private earnings & spending (June); Core PCE worth index; Employment price index (second quarter); Preliminary jobless claims (week ending July 26)

Earnings: Apple (AAPL), Amazon (AMZN), Bristol Myers Squibb (BMY), Cigna (CI), Coinbase (COIN), CVS Well being (CVS), Mastercard (MA), Norwegian Cruise Line (NCLH), Reddit (RDDT), Roblox (RBLX), Roku (ROKU), Technique (MSTR)

Listed here are a few of the largest tales you might have missed in a single day and early this morning:

Trump knocks Canada as international locations rush to strike commerce offers

Trump tariffs face one other authorized take a look at on eve of deadline

Apple faces 2 main threats forward of earnings

What’s within the US-EU commerce deal? It will depend on who’s speaking.

Fed calendar quirk raises the stakes for its Sept. assembly

Meta inventory surges after earnings beat, steerage shock

Microsoft on observe for $4 trillion market cap after earnings beat

Arm inventory falls as chip ambitions shake investor confidence

Listed here are some high shares trending on Yahoo Finance in premarket buying and selling:

Arm (ARM) inventory fell 6% on Thursday earlier than the bell following the announcement of the chip tech supplier’s plan to spend money on its personal chip improvement, which might chunk into future earnings, dissatisfied traders.

CVS (CVS) inventory jumped 7% in premarket on Thursday after the corporate beat Wall Road estimates for second-quarter revenue.

Confluent Inc (CFLT) inventory rose over 20% premarket following the corporate’s constructive earnings report. The info streaming platform reported a 21% progress in subscription income and a 28% progress in Confluent Cloud income for Q2 2025.