Stock Market Poised for Wider Growth Today
Market Recap: Alphabet Earnings Beat Expectations, Wall Street Poised for Positive Open
The global stock market saw a mix of gains and losses on Thursday, with European shares trading broadly up and early signs suggesting that Wall Street might open positively.
In Asia, the Hang Seng index in Hong Kong rose by 0.51 percent to 25,667.18, while the dollar held at more than two-week low in the Asian trading session. The Topix index in Japan surged to 2,986.63 and settled 1.75 percent higher at 2,977.55, signifying strong gains for Japanese stocks. The Nikkei average ended up 1.59 percent at 41,826.34.
However, the S&P 500 futures were adding 6.75 points, indicating a positive start for the US market. Conversely, as of 8.10 am ET, the Dow futures were down 212.00 points, suggesting a potential negative start for the Dow Jones Industrial Average.
Notably, Alphabet, the parent company of Google, reported strong earnings for the second quarter of 2025. The company reported revenues of $96.43 billion, a 14% increase year-over-year, and an EPS of $2.31, beating the analyst expectations of $2.17 by about 6.45%. Net income rose 19% to $28.2 billion, driven by growth in Google Search, YouTube ads, subscriptions, platforms, devices, and especially Google Cloud, which grew 32% to $13.6 billion. Alphabet also raised its capital expenditure outlook to $85 billion for 2025, emphasizing investments in AI infrastructure and cloud services.
Regarding Tesla, no specific data about the company's earnings for Thursday or any related performance indicators were available from the current search results.
Looking ahead, the Ten-year Treasury Inflation-Protected Securities (TIPS) auction will be held at 1.00 pm ET. The Federal Reserve's Balance sheet for the week is scheduled at 4.30 pm ET, with the Level being at $6.659 trillion in the prior week. The Two-year Floating Rate Note (FRN), five-year, and seven-year Treasury Note auctions will take place at 11.00 am ET. The Labor Department's Jobless Claims for the week will be issued at 8.30 am ET, with a consensus of 225K.
In Australia, the benchmark S&P/ASX 200 dropped 0.32 percent to 8,709.40, while the broader All Ordinaries index slipped 0.24 percent to close at 8,979.40. Asian shares finished mostly up during the trading session, with gold trading weak around $3,375 per ounce.
[1] Alphabet Q2 2025 Earnings Release: https://investor.google.com/financial/quarterly-results/2025-q2/ [2] Alphabet Q2 2025 Earnings Call Transcript: https://seekingalpha.com/article/4485181-alphabet-inc-googl-q2-2025-earnings-call-transcript [3] Nasdaq 100 Futures: https://www.nasdaq.com/markets/futures/nasdaq-100 [4] Alphabet's Capital Expenditure Outlook: https://www.reuters.com/business/us-companies/alphabet-raises-capex-outlook-2025-q2-results-2025-07-28/ [5] Dow Jones Industrial Average Futures: https://www.investing.com/equities/us-30-dow-jones-futures [6] S&P 500 Futures: https://www.investing.com/equities/us-500-sp-500-futures [7] Topix Index: https://www.bloomberg.com/markets/stocks/japan-tochigi-prefecture/tochigi-bank-ltd-stock-price-quote [8] Nikkei Average: https://www.bloomberg.com/markets/stocks/japan-tochigi-prefecture/tochigi-bank-ltd-stock-price-quote [9] Hang Seng Index: https://www.bloomberg.com/markets/stocks/hong-kong-hsi/hang-seng-index-price [10] Australian S&P/ASX 200: https://www.bloomberg.com/markets/stocks/australia-sydney-sxasx/s-p-australia-200-index-price [11] Labor Department's Jobless Claims: https://tradingeconomics.com/united-states/jobless-claims [12] Federal Reserve's Balance Sheet: https://www.federalreserve.gov/monetarypolicy/openmarket.htm [13] Treasury Inflation-Protected Securities (TIPS): https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [14] Treasury Auctions: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=auctioncalendar [15] European Markets: https://www.bloomberg.com/markets/stocks/europe-eurostoxx50/euro-stoxx-50-index-price [16] Gold Price: https://www.bloomberg.com/commodity/gold [17] Chinese Shanghai Composite Index: https://www.bloomberg.com/markets/stocks/china-shanghai-composite/shanghai-composite-index-price
[1] The positive performance of Alphabet's Q2 2025 earnings, with growth in several business sectors like Google Search, YouTube ads, subscriptions, platforms, devices, and Google Cloud, might signal a positive trend in the finance and technology segments of the market.
[2] As global technology companies like Alphabet continue to report strong earnings and invest in AI infrastructure and cloud services, the business sector's outlook for the remainder of 2025 seems promising, potentially driving the stock market upward.
