Equity Alert
US indices end lower Thu as weak earnings weigh
This story was originally published at 07:38 IST on 1 August 2025
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Equity Alert: US indices end lower Thu as weak earnings weigh
MUMBAI--0727 IST--Indices in the US ended lower Thursday as some weak corporate earnings weighed on the market. The Dow Jones Industrial Average and the S&P 500 ended lower, while the Nasdaq Composite closed the session flat. A host of companies ended lower after reporting their earnings during the session.
Health insurer UnitedHealth ended nearly 8% lower and was the biggest drag on the Dow Jones after a dissapointing profit forecast for the year. Boeing closed over 4% lower despite reporting a smaller loss for the second quarter. Merck fell nearly 2?ter the drugmaker said it was extending its pause on shipments of HPV vaccine Gardasil to China until at least the end of 2025 due to persistent weakness in demand, Reuters reported.
United Parcel Service plunged nearly 7?ter it again declined to issue a forecast for annual revenue and margin, deepening concerns that the US' volatile trade policy was weighing on the company. Home appliances maker Whirlpool plunged over 13?ter it cut its earnings forecast and dividend, citing pressure from a pull-forward in imports by rivals ahead of US President Trump's tariffs, Reuters reported.
"Earnings have been a bit of a mix. Economic data has been somewhat mixed too, but not enough to move the needle in terms of the Fed," Reuters reported Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, as saying. "The next two days, you have Microsoft, Meta, Apple, Amazon - those are big companies, and they will move markets depending on how the earnings are and how the outlooks are," Ghriskey said.
On the data front, consumer confidence in the US rose to a higher-than-expected 97.2 in July, up 2 points on month. Reuters had estimated the consumer confidence to come in at 95.
Following are the closing levels of US indices Thursday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44130.98 | (-)0.74 |
| NASDAQ Composite | 21122.448 | (-)0.03 |
| S&P 500 | 6339.39 | (-)0.37 |
(Akash Mandal)
End
US$1 = INR 87.59
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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