Equity Alert
US indices end largely flat Friday; cryptocurrency stocks gain
This story was originally published at 08:08 IST on 21 July 2025
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Equity Alert: US indices end largely flat Friday; cryptocurrency stocks gain
MUMBAI--0741 IST--US indices closed largely unchanged on Friday, recovering from a brief fall after Financial Times reported the US president is pushing for new steeper tariffs on products from the European Union. Gains were also limited after indices touched record highs during the week, as investors were less influenced by President Donald Trump's tariff policies and confident that his policies may not damage the US economy as severely as anticipated.
"People are a little tired of trying to trade tariff headlines or deadlines, and people are more concerned with seeing the proof of this come to fruition through numbers," Greg Boutle, head of US equity and derivatives strategy at BNP Paribas, was quoted as saying by Reuters. A slew of economic data for June released during the week--robust retail sales, a rise in consumer inflation, and flat producer prices--gave mixed signals.
The S&P 500 and Nasdaq Composite ended flat, while the Dow Jones Industrial Average closed 0.3% lower. On a week-on-week basis, the S&P 500 gained 0.6%, the Nasdaq rose 1.5%, while the Dow Jones made slight losses. On Friday, cryptocurrency stocks were up after the US House of Representatives passed a bill that would develop a regulatory framework for cryptocurrencies. Shares of Robinhood Markets and Coinbase Global ended up 4.1% and 2.2%, respectively.
Some companies also reacted to their June quarter earnings. Of the 59 S&P 500 companies to report second-quarter earnings this season, 81.4% have exceeded Wall Street's earnings expectations, Reuters reported, citing data from LSEG. Charles Schwab ended 2.9% higher after posting higher profits and Regions Financial ended 6.1% higher after its management raised forecasts for 2025 interest income.
Following are the closing levels of US indices Friday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44342.19 | (-)0.32 |
| NASDAQ Composite | 20895.665 | 0.05 |
| S&P 500 | 6296.79 | (-)0.01 |
(Gopika Balasubramanium)
End
US$1 = INR 85.14
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Ashish Shirke
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