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Here's your closing bell brief for Thursday, July 24th.

I'm Danny Lewis for the Wall Street Journal.

Signs of trade talk progress lifted the S&P 500 to another record,

with the index ticking up more than four points.

The NASDAG rose about 38 points,

but the Dow Jones Industrial Average lost 316 points to close at 44,694.

Negotiators from the U.S. and the European Union are converging on a possible trade deal,

and European officials expect a 15% tariff on most exports to the U.S.

That's similar to the deal the White House struck with Japan earlier this week.

But some component stocks dragged on the Dow, including United Health Group, whose shares fell

about 4.8% after the company said it is complying with requests from criminal and civil

investigators at the Justice Department. The disclosure follows a series of articles from the

WSJ detailing probes into the conglomerates Medicare billing practices. A United

Health spokesman previously disputed the reports. Among other individual companies trading today,

shares of Tesla slid 8.2% after Elon Musk's electric vehicle maker reported a 16% drop in quarterly net

income and said car sales continued to fall. In its latest earnings, Google and YouTube

parent company Alphabet reported a jump in revenue from cloud growth and raised its annual capital

expenditure forecast. Shares rose 1%. And Chipotle Mexican Grill reported its steepest quarterly drop in same store sales since the

pandemic and reduced its sales outlook for the year.

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