Equity Markets Mixed Amid Earnings Reports, Philippines Trade Deal

MT Newswires Live
23 Jul

US benchmark equity indexes are on track to close mixed on Tuesday, as markets evaluate the latest set of corporate earnings and the US trade deal with the Philippines.

The Dow Jones Industrial Average was up 0.4% to 44,493.85, while the S&P 500 rose 0.1% to 6,313.13. The Nasdaq Composite fell 0.3% to 20,919.39. Among sectors, healthcare led the gainers while technology and communications were the only decliners.

IQVIA (IQV) shares were up 19%, the top gainer on the S&P 500. The healthcare company reported higher Q2 adjusted earnings and revenue.

D.R. Horton (DHI) was the second-top gainer on the S&P 500, up 16%. The company's fiscal third-quarter results surpassed market estimates despite a softening housing market.

Lockheed Martin (LMT) shares sank 9.5%, the worst performer on the S&P 500. The company posted a decline in fiscal Q2 earnings and cut its 2025 earnings guidance.

The 10-year US Treasury yield was down 4.2 basis points to 4.34%, while the two-year rate decreased 3.6 basis points to 3.84%.

September West Texas Intermediate crude oil fell 0.5% to $65.62 a barrel.

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