Nasdaq Composite Live: All-Time Highs With Earnings Season Heating Up

By Ian Cooper Updated Jul 24, 12:23PM EDT · Published Jul 24, 8:21AM EDT

Key Points

The tech-heavy NASDAQ notched a new high this morning, just above 23,394.
Plus, Alphabet beat on both revenue and earnings, while Tesla revealed another tough quarter.

Live Updates

Markets Waiting on President Trump's meeting with Jerome Powell

Jul 24, 2025 at 12:20 PM EDT

Remember, President Trump will visit Federal Reserve Chairman Jerome Powell at 4 pm EST today, which could eventually impact what happens with interest rates.

As noted by Barron’s, “Trump has been relentless in pressuring Fed Chairman Jerome Powell to lower interest rates, which the president claims should be ‘three points, maybe more’ south of their current range of 4.375%.”

NASDAQ Powering Higher on Alphabet Earnings and Trade Optimism

Jul 24, 2025 at 11:33 AM EDT

The NASDAQ is now trading at a record high of 21,073.

All thanks to strong Alphanet earnings and trade optimism. Remember, just yesterday, President Trump announced a massive deal with Japan that included a reduced tariff of 15%.

Plus, later today, President Trump will visit Federal Reserve Chairman Jerome Powell at 4 pm EST, which could eventually impact what happens with interest rates, near term.

This article will be updated throughout the day, so check back often for more daily updates.

The tech-heavy NASDAQ notched a new high this morning, just above 23,394 on earnings.

In fact, just last night, Alphabet (NASDAQ: GOOG | GOOG Price Prediction) reported numbers that beat expectations on both revenue and earnings.

Revenue of $96.43 million was above expectations of $94 billion. EPS of $2.31 was also above estimates calling for $2.18 a share. YouTube ad revenue soared to $9.8 billion, beating estimates of $9.56 million. Google Cloud revenue of $13.62 billion beat estimates for $13.11 billion.

Plus, the company is planning to spend more on artificial intelligence. In February, it planned to invest $75 in capex for AI. But that was increased last night to $85 billion thanks to growing demand for Cloud products and services.

Unfortunately, Tesla made a mess.

Down about 6%, or $21 a share in premarket, Tesla (NASDAQ: TSLA) posted its worst quarterly sales decline in years. Revenue dropped 12% to $22.5 billion from $25.5 billion, with analysts looking for $$22.74 billion. EPS of 40 cents also came in below estimates of 43 cents. Not helping, Musk did mention the company could have a rough few quarters ahead as a result of expiring federal electric vehicle tax credits.

Analysts are a bit mixed with responses.

Wells Fargo sees further downside, dropping their price target to $120 a share. The firm is also cautious on robotaxis and the Optimus humanoid, fearing that both could take longer than expected. However, Goldman Sachs raised its 12-month price target to $300 from $285. The firm expects Tesla’s revenue growth and profits to improve in 2026

President Trump and Chairman Jerome Powell are on deck, too.

For the first time in nearly two decades, a president will visit the Federal Reserve.

“American presidents have traditionally respected the independence of the central bank, which is insulated both in law and in practice from the political whims of elected officials,” reported CNBC. “Trump’s visit is a remarkable symbolic move on that independence, bringing his drumbeat of criticism over Powell’s refusal to lower interest rates right to the chairman’s doorstep.”

It’ll be interesting to see what happens.

President Trump is expected to visit the Federal Reserve at 4 pm EST.