<p>-
- Alphabet results push S&P 500, Nasdaq to open at record high.</p>
<p>Medora Lee, USA TODAY July 24, 2025 at 8:10 PM</p>
<p>U.S stocks opened mostly higher, with the broad S&P 500 and tech-heavy Nasdaq scoring fresh record highs again amid more earnings reports, including from two of the so-called Magnificent Seven.</p>
<p>Magnificent Seven stocks are the top influential megacap technology stocks.</p>
<p>Electric vehicle giant Tesla and Google parent Alphabet were the first two of the Magnificent Seven to report earnings after the close. In a split decision, Tesla missed sales estimates, but Alphabet topped forecasts and raised its spending forecast.</p>
<p>Alphabet's ongoing spending signaled that artificial intelligence investments are still flowing, which lifted optimism in tech stocks, the Nasdaq and S&P 500.</p>
<p>At 9:39 a.m. ET, the blue-chip Dow slipped 0.67%, or 299.96 points, to 44,710.33; the broad S&P 500 added 0.07%, or 4.36 points, to 6,363.27, and the tech-laden Nasdaq rose 0.14%, or 29.34 points, to 21,049.36.</p>
<p>The benchmark 10-year yield rose to 4.428% after weekly jobless claims fell for the sixth straight week, a sign the labor market remains resilient. Jobless claims unexpectedly fell to 217,000. Economists had forecast 227,000. Continuing claims, seen as a barometer of how long people are unemployed, rose to 1.96 million from 1.95 million the prior week.</p>
<p>With the labor market intact, the Federal Reserve is likely in no hurry to lower interest rates.</p>
<p>Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 22, 2025, in New York City.</p>
<p>Investors will also continue to look for trade deals to take stocks higher.</p>
<p>The U.S. and Japan reached a trade deal that would slap a lower-than-originally threatened 15% tax on Japanese imports, and a deal with the European Union is expected to mirror that, reports said.</p>
<p>However, EU countries approved a $100 billion-plus package of retaliatory tariffs on U.S. goods that could start in August if no trade agreement is reached, the Wall Street Journal said.</p>
<p>Trump continues to pressure Powell</p>
<p>President Donald Trump plans to visit the Federal Reserve construction site at 4 p.m. ET, according to the White House schedule. The visit would mark the first time in nearly two decades that an American president has made an official trip to the central bank, whose independence from elected officials is a hallmark of the Fed.</p>
<p>The unusual move is seen as part of Trump's pressure campaign for Powell to resign or lower interest rates. The Trump administration has said it's scrutinizing Powell's handling of the overbudget renovation of the Fed headquarters.</p>
<p>Corporate news -</p>
<p>IBM's second-quarter revenue missed expectations. Shares fell 9.69%.</p>
<p>ServiceNow boosted its subscription revenue outlook. Shares added 5.41%.</p>
<p>American Airlines' quarterly estimates topped Wall Street forecasts, but the company said it expects to post a loss this quarter. The airline also lowered its full-year outlook. Shares tumbled 10.29%.</p>
<p>Dow posted a wider-than-expected second-quarter loss per share as revenue fell in every part of its business. It also halved its dividend. Shares plunged 12.11%.</p>
<p>Chipotle Mexican Grill lowered its full-year same-store sales guidance. The burrito chain's shares slid 12.1%.</p>
<p>Las Vegas Sands beat second-quarter estimates. The casino operator's stock rose 3.33%.</p>
<p>Honeywell's second-quarter results came in ahead of Street forecasts and the company boosted its full-year outlook. Shares dropped 6.03%.</p>
<p>Blackstone topped analysts' estimates for second-quarter results. Shares added 2.37%.</p>
<p>Mattel reinstated its full-year sales growth outlook, but it's lower than it was at the beginning of the year. It also sees annual earnings per share lower than its forecast at the start of the year. Its second-quarter sales missed expectations but adjusted earnings per share beat. The toy maker's stock shed 7.97%.</p>
<p>T-Mobile raised its full year outlook. It gained more wireless and internet subscribers than Wall Street expected in the second quarter. Its quarterly results also topped forecasts. Shares rose 6.57%.</p>
<p>Union Pacific confirmed it's in advanced talks for a potenital tie-up with Norfolk Southern. Union Pacific stock fell 1.93% and Norfolk Southern added almost 1%.</p>
<p>(This story was with new information.)</p>
<p>Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.</p>
<p>This article originally appeared on USA TODAY: US stocks open mostly up. Earnings lift S&P 500, Nasdaq to record</p>
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