The S&P 500 ($ Spy) (SPY) is closed on Tuesday by -0.59 %, closing the Dow Jones Industries ($ DOI) (DIA) by +0.02 %, and closing the NASDAQ 100 ($ IUXX) index (QQQ) by -1.39 %. Futures decreased in September (ESU25) by -0.54 %, and September E -Mini Nasdaq Futures (NQU25) decreased by -1.37 %.
The stock indicators stabilized on Tuesday, as Nasdaq 100 fell to the lowest level in 1.5 weeks and published Dow Jones Industries at an absolutely new level. On Tuesday, the chips and the wonderful technology of seven megapixels were sold in the total market.
On the positive side, Home Depot recovered from early losses and closed more than +3 % to pay Dow Jones Industries to a new record after it was reported about a +3 % jump in July similar to the store’s sales. Lowes and Target will report their profits on Wednesday, and Walmart will present a report on Thursday.
Low bond returns on Tuesday support the shares, as the T -Note revenue decreased for 10 years by -3 BP to 4.30 %. US government debts got support on Tuesday after the S& P Global Ratses confirmed its long-term rating and a short-term A-1 classification on US debt and said that the United States can maintain credit strength despite the financial blow to the last spending bill because customs tariff revenues “will generally weaken financial financial results.”
American housing news was mixed on Tuesday. The US housing of the American July begins unexpectedly +5.2 % m/m to the highest level in 5 months at 1.428 million, stronger than a decrease to 1.297 million. However, the construction permits of July, a future building agent, decreased by -2.8 %/m to the lowest level of 5 years at 1.354 million, and weaker than -0.5 %/m to 1.386 million.
Diplomatic talks on the war in Ukraine continue to progress. Ukrainian President Zellinski said that he had moved away from President Trump late on Monday to join security guarantees for any peace agreement and reserved regional bounties with Russia at a later time. President Trump presses a summit between Presidents Putin and Zelinski soon, and European leaders are discussing a plan to send British and French forces to Ukraine as part of the peace agreement. The results of the conversations can have the effects of the macroeconomic economy regarding definitions and oil prices, and of course it can have severe consequences for European security.
The market axis this week will be on any new tariff news and signs of progress towards the peace agreement in Ukraine. On Wednesday, the FOMC meeting minutes will be issued from 29 to 30 July. On Thursday, the weekly unemployment claims are expected to decrease by +1000 to 225,000, and the Business Performance Poll in Philadelphia in August will decrease to 6.7 from 15.9 in July. Also, it is expected that the AUG S&P Information Manager Index will remain unchanged at 49.8. In addition, the house sales in July are expected to decrease by -0.3 %/m to 3.92 million. On Friday, the President of the Federal Reserve Powell talks about the economic expectations of the annual symposium of the Federal Reserve in Jackson Hall and Wyoming.
Regarding definitions, President Trump has expanded steel and aluminum tariffs to include more than 400 consumers that contain minerals, such as motorcycles, auto parts, furniture components and table tools. The change came into effect on Monday and did not exclude the goods in crossing. Last Friday, Mr. Trump said: “I will put the customs tariff next week and the next week on the steel, and I would like to say chips – chips and semi -conductors, we will take some time next week, after a week.” Mr. Trump said last week that he planned a 100 % tariff on semiconductors, but he will excuse companies that transport chips to the United States. Mr. Trump also mentioned 200 % or 300 % definitions on chips.
In other recent tariff news, Mr. Trump last Tuesday extended the tariff with China for another 90 days until November. On August 6, Mr. Trump announced that it would double the tariffs on American imports from India to 50 % of the current 25 % tariff, due to India’s purchases of Russian oil. On August 5, Mr. Trump said that the American customs tariff will be announced on drug imports “next week or so.” According to Bloomberg Economics, the average US tariff will increase to 15.2 % if the rates are implemented as announced, higher than 13.3 % earlier, much higher than 2.3 % in 2024 before announcing the tariff.
Future prices in federal funds deduct the chances of reducing the interest rate -25 basis points by 87 % at the FOMC meeting from September 16 to 17, a decrease from 93 % last Thursday. The markets deduct the opportunities by 54 % to reduce the second interest rate of 25 basis points at the next meeting on 28-29 October.
Profit reports indicate that the S&P 500 profits of the Q2 are going on the right path to an increase of +9.1 % on an annual basis, much better than the pre -season expectations of +2.8 % on an annual basis and most of them in four years, according to Bloomberg. With more than 92 % of the S&P 500 companies that reported the profits of the second quarter, about 82 % of companies exceeded the profit estimates.
Foreign stock markets settled on Tuesday. Euro Stoxx 50 rose to a height of 4.75 months and closed 0.89 %. The Chinese Shanghai compound decreased from its top 10 years and closed by -0.02 %. Nikki’s share in Japan fell 225 from a new record and closed by -0.38 %.
Useful interest rates
T-Notes September 10 (ZNU25) closed on Tuesday an increase +8, and the T-Note return for 10 years -3.2 basis points to 4.302 %. Sep T-Notes rose on Tuesday after the S& P Global Ratses said that the high revenue from the customs tariff will help reduce the strike of the US’s financial health from the president’s tax cuts, allowing the country to maintain its long-term credit rating. Tuesday’s weaknesses supported the safe demand for heating on T-Notes. T-Notes gains were limited due to concerns that CPI and PPI reports last week could prevent CPI and PPI reports from lowering interest rates at the FOMC meeting next month.
The revenues of European government bonds on Tuesday were mixed. German return has decreased for 10 years -1.3 basis points to 2.750 %. The UK’s doctrine has increased for 10 years to an increase of 2.5 months by 4.756 % and ended by +0.2 basis points to 4.740 %.
The bares fluctuate the opportunities by 7 % to reduce the interest rate by the European Central Bank at the September 11 policy meeting.
American engines
The weakness of the wonderful seven shares on Tuesday was a traction in the total market. NVIDIA (NVDA) closed more than -3 %, closed Meta (Meta) platforms more than -2 %. Also, alphabet (Googl), Amazon (Amzn), Microsoft (MSFT) and Tesla (TSLA) closed more than -1 %. In addition, the Apple (AAPL) decreased by -0.14 %.
Advanced advanced devices (AMD) closed more than -5 % to drive less chip makers after Securities GF reduced shares from purchase. Also, Marvel Technology (MRVL) closed more than -5 %, and closed ARM Holdings PLC (ARM) more than -4 %. In addition, Broadcom (AVGO) closed more than -3 %, Qualcomm (QCOM), micro chips technology (MCP), on semiconductor (ON), Globalfoundries (GFS), NXP Semictors NV (NXPI), and Micron Technology (MU) more than -1 %.
Viking Therapeutics (VKTX) closed for more than -42 % after experimenting with stage 2 of the oral weight loss drug showed 28 % of patients who stopped enduring concerns.
FABRINET (FN) closed more than -12 % after she said she expected to see a sequential decrease in the revenue of the Datacom sector in the financial Q1, noting the supply restrictions of some important ingredients.
Amer SPORTS (AS) closed more than -4 % after predicting a modified Q3 operating margin of 12 % to 13 %, less than 13 % consensus.
Vertiv Holdings (VRT) closed more than -4 % after GLJ’s research began to cover the arrow with a recommendation recommendation and a price target of $ 112.
Medrtonic PLC (MDT) closed more than -2 % after reporting the Q1 modified margin by 23.6 %, i.e. weaker than 23.7 % consensus.
Intel (INTC) closed more than +6 % to lead the winners in the S&P 500 and Nasdaq 100 index after Softbank Group Corp agreed to buy $ 2 billion from the company’s shares.
Truck transport companies rose to the top on Tuesday. JB Hunt Transport Services (JBHT) and Knight-Swift Transports Holdings (KNX) closed more than +3 %. Also, closed the old Dominion (ODFL), Fedex (FDX), and Schneider National (SNDR) more than +2 %. In addition, CSX Corp (CSX) closed more than +1 %.
Home Depot (HD) was recovered from the early decline and closed more than +3 % to lead the winners in Dow Jones Industries after reporting that sales of the same similar stores in July increased more than +3 %.
Prologis (PLD) closed more than +5 % after upgrading Mizuho Securities the arrow to outperform the neutral performance with the price of $ 118.
Best Buy (BBY) closed more than +3 % after announcing the launch of a new third -party seller, which doubled the number of products available online.
Palo Alto Networks (PANW) closed more than +3 % after expecting 2026 revenues of $ 10.48 billion-10.53 billion dollars, stronger than $ 10.44 billion.
Profit reports (8/20/2025)
Adalog Devices Inc (Adi), Coty Inc (Coty), Esee Lauder Cos Inc/The (EL), Lowe’s Cos Inc (LOW), Nordson Corp (Ndsn), Target Corp (TGT), TJX COS Inc/The (TJX).
On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
