Stock Market Update
01-Aug-25 14:30 ET
S&P 500 slumps nearly 2% as EMN, COIN, IR tumble on earnings; MPWR soars 11% on strong Q3 outlook
Dow -625.36
at 43505.62,
Nasdaq -524.05
at 20597.02,
S&P -116.66
at 6222.73
[BRIEFING.COM] The S&P 500 (-1.84%) is in second place on Friday afternoon, trading currently just off session lows.
Briefly, S&P 500 constituents Eastman Chemical (EMN 57.88, -14.73, -20.29%), Coinbase Global (COIN 313.93, -63.83, -16.90%), and Ingersoll-Rand (IR 74.74, -9.89, -11.69%) dot the bottom of the average following earnings.
Meanwhile, Monolithic Power (MPWR 788.73, +77.49, +10.90%) is today's top performer after beating Q2 expectations and guiding well above consensus for Q3. Strong revenue growth and bullish commentary on its shift to a full-service solutions model fueled investor optimism.
