Today At A Glance:

Markets swung intraday on reports President Trump may fire Fed Chair Powell—major indexes fell ~0.8% midday before rebounding after his denial. A softer-than-expected PPI reading and strong bank earnings boosted sentiment, lending support late in the session. The S&P 500, Dow, and Nasdaq all closed higher—Dow +0.5%, S&P +0.3%, Nasdaq +0.3%, with the Nasdaq hitting a fresh record closing high. Tesla surged 3.5% on stock-specific strength, outperforming broader markets despite still trading well below its 52-week high. Tariff relief risks remain, especially for ASML, which fell ~11% after warning about tariff-related growth uncertainty.

Today’s Index Performance

• Dow Jones Industrial Average: Opened near 441.83 (DIA ≈ $441.83), closed at 44,254.78 (DIA ≈ $442.36), gaining +0.5%.
• S&P 500: Opened roughly 6,243–6,244, closed at 6,263.70 (+0.3%), buoyed by inflation data and bank earnings.
• Nasdaq Composite: Rose from around 20,677–20,730, settling at 20,730.49, up +0.3%, marking its third straight record close

Gainers Of Note:

• Tesla (NASDAQ: TSLA): Electric vehicles/software; climbed +3.5% on strong investor appetite dspite still being ~34% below its 52-week high.
• Bank of America (NYSE: BAC): Banking services; rallied on better-than-expected Q2 earnings fueled by trading revenue amid tariff volatility.
• Goldman Sachs (NYSE: GS): Investment bank; also rose on solid Q2 performance from trading divisions .

Losers Of Note

• ASML (NASDAQ: ASML): Semiconductor equipment; dropped ~11% after issuing a cautious growth outlook tied to tariff risks.
• Morgan Stanley (NYSE: MS): Financial services; slipped slightly despite firm Q2 results, weighed by concerns over Fed uncertainty .
• JPMorgan Chase (NYSE: JPM): Banking services; drifted lower as investors scaled out on mixed sentiment around financials .

Active Traders Of Note

• Tesla (NASDAQ: TSLA): ~96 M shares traded, drawn by its sharp 3.5% daily gain .
• Johnson & Johnson (NYSE: JNJ): Healthcare giant; saw elevated volume amid strong Q2 earnings .
• ASML (NASDAQ: ASML): Semiconductor equipment; high activity surged amid its sharp, news-driven price decline.

Looking Forward:

Expect further volatility into tomorrow as the Fed-policy narrative evolves—markets will weigh Trump’s rhetoric against Powell’s independence. Tech and financial names remain watchpoints, with earnings and tariff headlines continuing to drive investor rotation. If inflation data continues to soften, we could see more upside in cyclical sectors and sustained momentum in headline-driven stocks.

Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.

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