NY Stock Market Mixed Close: **Dow** Up 0.46%, **Intel** Revenue +25% but Stock Slides

Wall Street wrapped up a volatile week, juggling corporate earnings, Middle East geopolitical tension, and fresh US tariff announcements.

Wall Street's Closing Cadence: Divergent Index Moves

■Dow Jones index rose +0.46% to 51,947.25 points.

■S&P 500 edged up +0.05% to 7,411.98 points.

■Nasdaq slipped -0.64% to 24,975.82 points.

The split performance reflects concerns over AI‑driven capital spending by major tech firms and lingering energy‑supply worries from Middle East unrest.

Chip Giant Intel's Quarterly Report: Revenue Surge and Stock Decline

■Intel posted a 25% YoY revenue increase, projecting $15.8‑$16.8 billion for Q3.

■Despite beating forecasts, Intel shares fell 7.9%.

■Analysts note that after Alphabet, Tesla, IBM, and Intel, the market will focus on upcoming earnings from Microsoft, Meta, Amazon, and Apple.

Tariff Battles and Geopolitical Shadows: US 301(b) Maneuvering

■The Trump administration announced tariffs of 10‑12.5% on 60 trade partners.

■A new 301 investigation targeting the EU signals potential future duties.

■The Supreme Court‑backed temporary 10% tariffs under IEEPA are set to expire, reshaping global trade flows.

Macro Data and PMI Divergence: Manufacturing Slump vs. Service Strength

■Manufacturing PMI slipped to 53.8 in July, the lowest in four months.

■Services PMI climbed to 53.6, an eight‑month high.

■These figures underline a split‑economy where production deceleration is offset by robust service sector activity.

Kerem Tufan – Director of Commercial Loans & Central Bank Policies: “The new US tariffs and Intel’s earnings have sparked volatility in tech equities while heightening global trade uncertainty. The ongoing contraction in SME lending and the slowdown in commercial credit growth suggest a tightening risk appetite and a shift toward more restrictive banking measures. Although the services‑sector PMI strength offers short‑term growth optimism, the prevailing geopolitical risks continue to cast a long shadow over longer‑term investment decisions."