US stock market indexes slipped on July 22, with the Nasdaq Composite and S&P 500 pulling back from record highs as investors reacted to disappointing General Motors earnings and rising tariff fears. GM reported a 33% drop in Q2 profit, citing $1.1 billion in tariff-related costs, while shares fell nearly 7%. Despite positive earnings from names like D.R. Horton and Medpace, broader sentiment turned cautious. The Dow Jones held steady, but concerns over the upcoming August 1 tariff deadline and mixed corporate results created fresh volatility. Investors now await big tech earnings and trade resolution signals for market direction.
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