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WSJ Minute Briefing

U.S. Stocks Drop as Investors Await Tariff Deadline

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6631 Ratings

🗓️ 31 July 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

President Trump gives Mexico more time for trade talks. Plus: Microsoft and Meta Platforms post strong earnings. EBay logs better-than-expected results. And Apple and Amazon post earnings after the bell. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:05.5

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0:10.6

Learn more at OmataHealth.com.

0:12.9

Omada Health is proudly NASDAQ listed.

0:18.7

Here's your closing bell brief for Thursday, July 31st. I'm Charlotte Gartenberg for the Wall Street Journal.

0:25.6

U.S. stocks closed lower today as the Friday deadline for new tariffs weighed on investors.

0:31.2

The Dow Jones Industrial Average dropped 330 points, a 0.7% decline, marking its fourth straight day of losses. The S&P 500 gave up early

0:41.1

gains to slip 0.4%, while the NASDAQ composite edged down less than 0.1%. President Trump's

0:49.0

tariff deadline has been a source of anxiety for investors, though the timeline for reaching

0:53.3

a trade deal with Mexico

0:54.5

was given a 90-day extension. Among individual companies, shares in Microsoft rose 4%

1:01.1

after the company posted strong earnings, briefly pushing its market value above $4 trillion.

1:07.6

Meta platforms jumped 12% following a robust earnings report driven by its advertising business.

1:13.6

The online marketplace eBay rallied 18% after logging better than expected results.

1:19.6

Use car seller Carvana saw its shares jump 17% on higher profit and revenue,

1:25.6

and software company Figma

1:27.7

sord more than 250% in its stock market debut. In contrast, the chipmaker Qualcomm fell 7.7%

1:36.2

despite reporting stronger than forecast results, while another chip company, Arm, saw its shares decline 13%

1:43.3

after mostly missing Wall Street expectations.

1:46.9

After the bell, Amazon reported sharp increases in sales and profit, partly fueled by the

1:52.2

growth of its cloud computing business, but shares fell 3% in early after-hours trading.

1:58.7

And Apple's iPhone sales blew past Wall Street's expectations in the June quarter

...

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