{"id":6410,"date":"2025-07-31T17:46:26","date_gmt":"2025-07-31T17:46:26","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-jones-drops-as-tariff-fears-outshine-tech-earnings-nasdaq-breaks-records\/"},"modified":"2025-07-31T17:46:34","modified_gmt":"2025-07-31T17:46:34","slug":"dow-jones-drops-as-tariff-fears-outshine-tech-earnings-nasdaq-breaks-records","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-jones-drops-as-tariff-fears-outshine-tech-earnings-nasdaq-breaks-records\/","title":{"rendered":"Dow Jones drops as tariff fears outshine tech earnings, Nasdaq breaks records"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Strong tech earnings balanced ongoing fears over trade as Trump\u2019s tariff deadline looms.<\/p>\n<div id=\"cn-block-summary-block_f5674f9ae77eef13f2920714ef4d3f97\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Nasdaq hits record on Meta and Microsoft earnings.<\/li>\n<li>Key tariff deadline approaches for major U.S. trading partners.<\/li>\n<li>Apple\u2019s upcoming earnings will reveal the real impact of tariffs.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>U.S. stock indices rose as strong tech earnings offset concerns about the approaching tariff deadline. On Thursday, July 31, the Dow Jones slipped 0.19% due to losses in financial and consumer defensive companies. Meanwhile, the S&amp;P 500 gained 0.10%, and the Nasdaq reached a record high with a 0.45% increase.<\/p>\n<figure class=\"wp-block-image size-large\"><picture decoding=\"async\" class=\"wp-image-14401751\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Dow Jones Industrial Average heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tipranks.com\/index\/dow-jones\/heatmap\" target=\"_blank\">TipRanks<\/a><\/figcaption><\/figure>\n<p>Markets were focused on tech earnings, particularly Microsoft and Meta, which reported strong quarterly results. After the announcements, Microsoft rose 9% and Meta gained 12%. Traders are now awaiting Apple\u2019s earnings, scheduled after the market close on Thursday.<\/p>\n<p>Apple\u2019s report is critical because of the company\u2019s globally distributed manufacturing. It will help gauge the effect of President Donald Trump\u2019s tariffs on U.S. businesses, especially after Trump threatened a 25% tariff on iPhones if the company does not move production to the U.S.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Trump tariff deadline looms, as Mexico gets relief<\/h2>\n<p>On July 31, the White House extended the tariff deadline <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.npr.org\/2025\/07\/31\/g-s1-80414\/trump-mexico-trade-deal-delay\" target=\"_blank\">for Mexico<\/a> by 90 days, giving the two countries more time to negotiate. Trump said he had a \u201cvery successful\u201d conversation with Mexican President Claudia Sheinbaum and highlighted the unique relationship between the two nations.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>For the U.S., Mexico is a key trading partner and a major recipient of American investment. Punitive tariffs could place U.S. companies with production in Mexico in a difficult position and significantly impact U.S. consumers.<\/p>\n<p>Still, several other major U.S. trading partners, including Canada, India, and Brazil, still face <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/trump-talks-with-canada-india-and-brazil-in-a-stalemate-as-his-tariff-deadline-looms-142522353.html\" target=\"_blank\">increased tariffs<\/a> starting on August 1. Still, White House aides stated that negotiations would continue even after that date. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strong tech earnings balanced ongoing fears over trade as Trump\u2019s tariff deadline looms. Summary Nasdaq hits record on Meta and Microsoft earnings. Key tariff deadline approaches for major U.S. trading&hellip;<\/p>\n","protected":false},"author":1,"featured_media":214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6410","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\/6410","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=6410"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6410\/revisions"}],"predecessor-version":[{"id":6411,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6410\/revisions\/6411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/214"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}