By John Meyer, consultant in financial affairs – Eurasia Business News, July 29, 2025. Article no. 1658

On Tuesday, July 29, the U.S. stock market saw the S&P 500 and the Nasdaq Composite reach fresh all-time highs early in the session. However, both indices gave up their opening gains and reversed course by the close. The S&P 500 traded down about 0.25%, closing around 6373.7 after opening near 6405.6, while the Nasdaq Composite similarly declined after briefly hitting record levels.

The market action came amid a heavy flow of quarterly earnings reports and important economic data releases during a pivotal week for investors. Notable earnings reports influenced key stocks: Boeing shares dropped approximately 2%, and UnitedHealth fell around 4-5% after disappointing forecasts and results, which pressured the overall market sentiment. The week also features the Federal Reserve’s two-day policy meeting starting Tuesday, with investors awaiting guidance on interest rates and economic outlook.

Despite the pullback during the day, the S&P 500 had marked its sixth consecutive session closing at or near record highs. The Nasdaq has also been strong, reaching new highs on 10 out of the last 11 trading days, reflecting robust investor confidence fueled in part by strong corporate earnings and easing trade tensions from new U.S.-EU trade agreements.

The S&P 500 and Nasdaq hit new intraday all-time peaks Tuesday but ended the day weaker amid mixed earnings results and cautious sentiment ahead of the Federal Reserve meeting and other key economic data releases.

Read also : Gold : Build Your Wealth and Freedom

Gold prices are moderately higher and silver prices near steady in midday U.S. trading Tuesday. The yellow metal is seeing support from higher crude oil prices and a slight dip in U.S. Treasury yields on this day. August gold was last up $13.10 at $3,323. September silver prices were last down $0.021 at $38.195.

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© Copyright 2025 – Eurasia Business News. Article no. 1658