Story perspectives

Tech Earnings Propel U.S. Stocks to Record Highs

7/22/2025

31 4

Summary

Stocks Soar High

U.S. stocks hit record highs, with the S&P 500 and Nasdaq boosted by strong earnings from tech giants like Alphabet and Tesla.
Verizon's shares rose 4.15% after raising its annual profit forecast and exceeding second-quarter expectations.
Investors are wary of potential trade deals as President Trump threatens new tariffs on Mexico and the EU.
Analysts forecast a 6.7% earnings increase for S&P 500 companies in Q2, primarily driven by Big Tech.
The Dow Jones dipped slightly, and the 10-year Treasury yield fell to 4.384%.

Summary

Verizon Boosts Profits

Verizon increased its annual profit forecast, driven by strong demand for premium plans, resulting in a 3.5% share rise.
The company reported $34.5 billion in revenue, exceeding estimates, with a 2.2% increase in wireless service revenue.
Despite losing 9,000 subscribers, Verizon anticipates adjusted profit growth of 1-3% by 2025.
Favorable U.S. tax reform is expected to enhance free cash flow by $1.5-$2 billion this year.

1 of 2

Stocks Soar High

U.S. stocks hit record highs, with the S&P 500 and Nasdaq boosted by strong earnings from tech giants like Alphabet and Tesla.
Verizon's shares rose 4.15% after raising its annual profit forecast and exceeding second-quarter expectations.
Investors are wary of potential trade deals as President Trump threatens new tariffs on Mexico and the EU.
Analysts forecast a 6.7% earnings increase for S&P 500 companies in Q2, primarily driven by Big Tech.
The Dow Jones dipped slightly, and the 10-year Treasury yield fell to 4.384%.

1 / 2