DAX and Dow Jones: Growth despite weak company figures!

DAX and Dow Jones: Growth despite weak company figures!

The financial markets are currently showing a mixed development, with different movements in both the Eurozone and the American indices. On July 24, 2025, the Dow Jones Industrial Index closed at 44,693 points, down 0.7% compared to the previous day. The S&P 500, on the other hand, reached a new record high of 6,381 points and closed at 6,363 points, up 0.1%. The Nasdaq index also gained, closing at 21,057 points after previously reaching an all-time high of 20,113 points. Shares of the Nasdaq 100 rose 0.25%, closing at 20,219 points.

Trade is characterized by the quarterly reports from leading companies as well as intensive customs negotiations between the USA and the EU. Among the numbers released, Tesla attracted attention: Second-quarter net profit fell 16%, and sales fell 12%, causing shares to fall 8.2%. In contrast, Alphabet, Google's parent company, experienced growth in the online advertising market, which had a positive impact on its share price, resulting in a 1.0% increase. IBM, on the other hand, announced a 7.6% decline in revenue, despite an 8% increase to $16.98 billion.

Market analysis and outlook

On July 24, the DAX rose by 0.23% to 24,295 points, while the MDAX rose by 0.38% to 31,633 points. On a prominent trading day, the DAX even rose to a peak of 24,311 points, but was slowed by setbacks in SAP shares that did not meet expectations. Ultimately, the DAX closed at 24,240.82 points, which corresponds to an increase of 0.83%. The MDAX also closed stronger and recorded an increase of 1.23% to 31,512.25 points.

Investors are optimistic about the impact of the new US-Japan trade deal, seen as a step towards future EU-US negotiations. Nevertheless, market experts, in particular Andreas Lipkow, warn against excessive optimism, especially with regard to the automotive sector, as the US markets reacted mutedly to the developments. The Dow Jones only showed a slight gain of 0.5% on the day, while the Nasdaq 100 remained stable.

Economic indicators

The latest economic indicators show interesting trends. The European Central Bank (ECB) left key interest rates unchanged, with no indication of future changes. While the purchasing managers' index in the euro area rose to 51.0 points, companies such as Deutsche Börse reported a 4% increase in sales to 1.505 billion euros and a profit of 509 million euros. Deutsche Bank's second-quarter profit was 1.485 billion euros, sending shares up over 9%.

In addition, T-Mobile US reported that it gained 800,000 new customers in the second quarter, while MTU recorded a 20% increase in sales to almost 2.1 billion euros. BNP Paribas' Q2 profit was just under 3.3 billion euros and revenues rose 2.5% to 12.6 billion euros. In contrast, Nestlé's profit fell by 10.3% to 5.07 billion francs in the first half of 2025, with organic sales growth of 2.9%.

It remains to be seen how the markets will develop in the coming days, especially given the upcoming economic reports and the continued focus on trade issues between the major economic powers.