
US stocks open muted with corporate earnings, trade talks in focus
Tired of too many ads?
Remove Ads
Wall Street opened flat on Tuesday as investors weighed signs of potential trade deals between the U.S. and its partners ahead of the August 1 tariff deadline and assessed a spate of second-quarter company results.The Dow Jones Industrial Average rose 15.6 points, or 0.04%, at the open to 44338.62. The S&P 500 rose one point, or 0.02%, at the open to 6306.6, while the Nasdaq Composite rose 8.0 points, or 0.04%, to 20982.205 at the opening bell.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
2 hours ago
- Time of India
Cryptocurrency Live News & Updates : Dow Jones Rises 400 Points After Trade Deal
23 Jul 2025 | 11:55:13 PM IST U.S. stocks surged on July 23, with the Dow Jones gaining 370 points following a trade agreement with Japan and potential EU negotiations, while Trump introduced a new AI action plan. The U.S. stock market experienced a significant rally on July 23, with the Dow Jones climbing 370 points, driven by a newly inked trade deal with Japan that lowers tariffs to 15%. This positive sentiment extended to the S&P 500 and Nasdaq, although the latter saw only modest gains. In the crypto space, Hedera Hashgraph (HBAR) is facing potential corrections after failing to maintain key support levels, with analysts predicting a drop to around $0.18. Meanwhile, BNB has also seen a slight decline, trading at 768.76 USDT. In a notable development, Brazil's VERT has launched a private credit solution on the XRP Ledger, marking a significant step in tokenization efforts in the region. This initiative aligns with broader trends in the financial sector, as major firms explore blockchain technology for asset management. Additionally, Senator Cynthia Lummis criticized Fed Chair Jerome Powell over his handling of Operation Chokepoint 2.0, which has implications for the cryptocurrency industry. As the market navigates these developments, traders are advised to monitor key price levels and regulatory shifts closely. Show more


Mint
3 hours ago
- Mint
Layoff News: Lamb Weston to cut 4% global staff, EnerSys to slash 575 jobs as cost-saving measure
Food processing major Lamb Weston Holdings Inc. plans a 4 per cent workforce reduction, aiming for an annual savings of $250 million by fiscal 2028, while energy services provider EnerSys will lay off 575 employees, expecting $80 million in annual savings by fiscal 2026. Lamb Weston Holdings Inc. has announced to reduce its global workforce by nearly 4 per cent as part of a new cost-cutting programme, reported Bloomberg News. The restructuring programme aims to achieve annual savings of $250 million by the end of fiscal 2028. The layoffs involve cutting some unfilled positions, the report said, citing the company. The French fry supplier also projected that its net sales for fiscal year 2026 will be between $6.35 billion and $6.55 billion. According to analysts surveyed by Bloomberg, $6.41 billion in net sales is expected. The new projection does not include any changes to tariffs and other measures. The stock gained 5 per cent at 8:23 am during Wednesday's premarket trading in New York. The shares declined by 26 per cent for the year up to Tuesday's close, while the S&P 500 index rose by 7.3 per cent, the report said. Energy services provider EnerSys announced on Tuesday it will lay off approximately 575 employees, or 11per cent of its global non-production workforce, mainly in corporate and management roles, news agency Reuters reported. The company has 10,858 employees across the globe as of March 31, 2025. EnerSys expects one-time restructuring charges between $15 million and $20 million during the second and third quarters of fiscal 2026. The energy solutions provider anticipates that the layoffs will be substantially completed by the end of the second quarter and expects the changes to generate an annualised savings of $80 million, starting in fiscal year 2026, the report said.


Mint
5 hours ago
- Mint
Layoff News: Lamb Weston to cut 4% global staff, EnerSys to slash 575 jobs as cost-saving measure
Food processing major Lamb Weston Holdings Inc. plans a 4 per cent workforce reduction, aiming for an annual savings of $250 million by fiscal 2028, while energy services provider EnerSys will lay off 575 employees, expecting $80 million in annual savings by fiscal 2026. Lamb Weston Holdings Inc. has announced to reduce its global workforce by nearly 4 per cent as part of a new cost-cutting programme, reported Bloomberg News. The restructuring programme aims to achieve annual savings of $250 million by the end of fiscal 2028. The layoffs involve cutting some unfilled positions, the report said, citing the company. The French fry supplier also projected that its net sales for fiscal year 2026 will be between $6.35 billion and $6.55 billion. According to analysts surveyed by Bloomberg, $6.41 billion in net sales is expected. The new projection does not include any changes to tariffs and other measures. The stock gained 5 per cent at 8:23 am during Wednesday's premarket trading in New York. The shares declined by 26 per cent for the year up to Tuesday's close, while the S&P 500 index rose by 7.3 per cent, the report said. Energy services provider EnerSys announced on Tuesday it will lay off approximately 575 employees, or 11per cent of its global non-production workforce, mainly in corporate and management roles, news agency Reuters reported. The company has 10,858 employees across the globe as of March 31, 2025. EnerSys expects one-time restructuring charges between $15 million and $20 million during the second and third quarters of fiscal 2026. The energy solutions provider anticipates that the layoffs will be substantially completed by the end of the second quarter and expects the changes to generate an annualised savings of $80 million, starting in fiscal year 2026, the report said. (With inputs from agencies.)