<\/p>\n
Major U.S. stock indices remained largely flat near record highs on Tuesday as investors digested mixed earnings reports and growing concerns over tariffs, with General Motors shares plunging 6% despite beating estimates amid tariff-related worries. Meanwhile, heightened attention on the Federal Reserve\u2019s leadership and a resurgence of memestock trading added volatility to the market<\/p>\n
On Tuesday, July 22:<\/p>\n
Tariffs remain a significant concern for investors. General Motors\u2019s 6% dip<\/a> was mainly due to fears that the effects of U.S. tariffs may have on the demand for new vehicles.<\/p>\n Traders were also focused on the ongoing White House\u2019s comments over the Federal Reserve\u2019s leadership. On Tuesday, Donald Trump and his Treasury Secretary Scott Bessent softened their rhetoric on the Fed Chair Jerome Powell.<\/p>\n Bessent said<\/a> that he does not mean that the Fed Chair should step down immediately, in relation to the Fed\u2019s renovation scandal. However, he said that there should be an internal investigation. At the same time, Trump denied he plans to fire Powell ahead of his term. \u201cI think he\u2019s done a bad job, but he\u2019s going to be out pretty soon,\u201d he stated<\/a>. <\/p>\n <\/p>\n Unlike the rest of the stock market, the so-called memestocks are back in focus. Shares of the struggling retailer Kohl\u2019s were up 30%<\/a>, as retail investors showed interest in the company, triggering<\/a> a halt. <\/p>\n <\/p>\n This story follows a similar pattern to that of Opendoor, another retail trader that has long been the focus of short sellers. Its stock doubled in premarket trading, surging to more than $20 per share, before the big players stepped in on the market open.<\/p>\n Retail firms have been consistently under threat from short sellers during the COVID pandemic, as the rise of online shopping has undercut their market position. Still, the case of GameStop suggested that concentrated retail traders could move the market, at least for a while.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Major U.S. stock indices remained largely flat near record highs on Tuesday as investors digested mixed earnings reports and growing concerns over tariffs, with General Motors shares plunging 6% despite…<\/p>\n","protected":false},"author":1,"featured_media":5464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5463"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5463\/revisions"}],"predecessor-version":[{"id":5465,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5463\/revisions\/5465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5464"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Memestock craze continues<\/h2>\n