Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Tuesday, July 25th, and I'm your host, Kim Khan.

Our top story in today's session.

Here come the earnings.

While eyes are on big tech post market, investors got plenty to digest before the bell.

Verizon gained as it maintained its full year earnings forecast amid

worries about lead cable liabilities. Verizon earned a $121 a share on $32.6 billion in operating

revenue, aided in part by a notable improvement in post-paid phone gross

additions.

GM stock fell, despite the company lifting earnings guidance, the automaker says it will be looking to cut costs by about

$1 billion and will invest less in new products. GM says it meant its target to

produce 50,000 EVs in North America in the first half of the year, and it continues to target production of roughly 100,000 EVs in the second half.

GE rose after reporting earnings and revenue that beat consensus. the company also raised guidance for the remainder of the year.

And 3M also rallied on boosting earnings guidance.

The company reported a Q2 loss to settle a billion dollar forever chemicals litigation.

Now look at today's trading.

Stocks are mixed with growth in the lead ahead of Microsoft and Alphabet reporting after

the bell. The NASDAQ is up more than half a

percent. The SMP is up a little with materials and infotec the strongest sectors

industrial as a laggard. The Dow is slightly lower despite the price gain in 3M.

Rates are higher as the Fed starts its two-day meeting.

The 10-year treasure yield is up above 3.9%, and the 2-year yield sits around 4.9%.

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