US stock market today drops: Dow, S&P 500, and Nasdaq tumble as GM earnings disappoint and tariff jitters shake Wall Street; Medpace soars 52% in shock rally
Major indexes retreat after hitting new highs
The
S&P 500
and
Nasdaq
both edged lower early Tuesday, reflecting a cautious mood despite strong year-to-date gains. The
Dow Jones Industrial Average
was relatively flat, as investors digested a heavy slate of earnings and kept a close watch on geopolitical and trade developments.
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S&P 500 (SPY)
: down ~0.29%
Nasdaq‑100 (QQQ)
: down ~0.73%
Dow Jones (DIA)
: largely flat
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General Motors earnings disappoint: Tariffs take a big bite
General Motors (GM)
reported a sharp decline in Q2 profits, as ongoing tariffs under the Trump administration slashed margins.
Adjusted Q2 profit:
$3 billion, down from $4.5 billion YoY
EPS:
$2.53, beating analyst estimates of around $2.44
Revenue:
~$47 billion, flat year-over-year
Tariff impact:
Estimated at $1.1 billion in Q2 alone
Stock reaction:
GM shares fell over 6% in early trading
GM warned that the total tariff burden for 2025 could reach $4–5 billion, though management aims to offset about 30% through cost-cutting and operational efficiency. The automaker maintained its full-year EPS guidance of $8.25–10, down from the earlier range of $11–12.
Live Events
Top Stocks Today (July 22, 2025)
Biggest Winners
Medpace Holdings
surged ~
52%
after delivering impressive Q2 earnings and raising guidance .
D.R. Horton
climbed around
10%
on strong housing sector performance.
Opendoor Technologies
gained about
6–10%
, fueled by retail investor momentum.
Kohl's
skyrocketed over
100% intraday
, becoming the most-traded retail stock and triggering a trading halt before settling up around +30%.
Alphabet
(Google) rose ~
2.7%
, continuing its upward trend
Corporate earnings: Mixed results across sectors
Several major companies released Q2 results on Tuesday, revealing the growing divergence in sector performance:
Lockheed Martin
and
RTX
reported weaker-than-expected earnings amid supply chain and cost pressures.
Coca-Cola
beat expectations, supported by global demand and pricing power.
Homebuilders
like
D.R. Horton
surged after reporting strong revenue and demand resilience.
While some companies outperformed, the broader trend reflects
tariff pressures
, rising
input costs
, and concerns around slowing global growth.
Trade war worries rise as August 1 deadline nears
The market remains jittery ahead of the August 1 deadline for potential new tariffs. Treasury Secretary Scott Bessent confirmed ongoing trade discussions and reaffirmed support for Federal Reserve Chair Jerome Powell, aiming to restore confidence in US economic policy.
Investors are closely watching for signals on whether a deal with key trading partners—including China and the European Union—can be reached to avoid further disruptions.
What this means for investors
The strong start to earnings season is now tempered by
geopolitical risks
and
supply chain concerns
.
GM's warning
underscores the real financial impact of tariffs on US companies.
Markets may remain volatile until clarity emerges on
trade agreements
and
Fed policy
.
With tech giants like
Alphabet
,
Microsoft
,
Tesla
, and
Amazon
yet to report, the market's next big moves will likely hinge on how well these leaders perform amid macroeconomic uncertainty.
Market Indicator
Update
S&P 500
Down slightly after record highs
Nasdaq
Slips as tech stocks cool off
GM Earnings
Profit falls 32% due to tariffs
Tariff Impact
$1.1 billion in Q2 alone
Investor Mood
Cautious ahead of August 1
Stay alert during earnings season volatility
Tuesday's stock market dip highlights the fragile balance between strong corporate results and growing global risks. While select sectors like consumer goods and housing show resilience, tariff-sensitive industries such as auto and defense are struggling. With big tech earnings on the horizon and the trade deadline approaching, investors should brace for volatility and keep a close watch on policy shifts.
FAQs:
Q1: Why did the US stock market fall today (July 22, 2025)?
A: The market declined due to weak earnings from General Motors, which revealed a steep drop in profits caused by tariffs. Broader trade tensions and mixed earnings results added to investor caution.
Q2: What happened with General Motors' earnings?
A: GM's Q2 profit dropped by 32–35%, primarily due to $1.1 billion in tariff-related costs. Although EPS beat estimates, the company warned of more pressure ahead, causing its stock to drop nearly 7%.
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