Record Highs, Trade Truces & Earnings Shockwaves – Wall Street’s Wild 48 Hours (July 22–23, 2025)
President Donald Trump announced a trade deal with Japan on July 23, 2025, cutting auto import tariffs to 15% and securing a $500 billion Japanese investment. U.S. stocks hit record highs, with the S&P 500 reaching 6,353 and the Dow 44,958. Toyota and Honda shares jumped 13%, while GE Vernova surged after raising forecasts. Lockheed Martin fell up to 11% after $1.6 billion in charges and a lowered outlook.