On July 24, 2025, the US stock market exhibited different trends. The S&P 500 index and the Nasdaq index both reached new highs, rising by 0.07% and 0.18%, respectively. However, the Dow Jones Industrial Average fell by 0.70%, indicating a divergence in the market.

The performance of tech giants varies. Nvidia, Amazon, and Google Class A shares rose by 1.73%, 1.73%, and 1.02% respectively, while Microsoft also rose by 0.99%. Meta saw a slight increase, while Apple fell by 0.18%. Tesla experienced a significant fall, with a decline of 8.20%.

Chinese concept stocks performed poorly overall, with the Nasdaq Golden Dragon China Index falling 1.54%. However, there were also highlights, with Miniso's stock price rising over 8%, and its global flagship store sales exceeding 100 million yuan. Nevertheless, most Chinese concept stocks performed poorly, including Bilibili, New Oriental, Li Auto, Pinduoduo, NetEase, Baidu, NIO, JD.com, and Alibaba, with declines of at least over 1%.

It is worth noting that the second quarter results announced by tech giant IBM fell short of market expectations, resulting in its stock price falling nearly 8%. This outcome also reflects the challenges and uncertainties currently faced by the tech industry.

Overall, the stock market performance on this day reflects investors' differentiated views on different industries and companies, with technology stocks performing particularly prominently. In the context of a constantly changing economic environment, market participants need to closely monitor the development trends in various sectors.