DAX Pre-Market +1.2% Due to Potential Tariff Deal – Trump Offers Concessions to the EU – EU Tariff Negotiations on the Home Stretch – ECB Poised for Rate Pause – Tesla Q2 Between Tailwinds From Robotaxis and Headwinds From Politics – Alphabet Surpasses Expectations – IBM Disappoints in Software Segment

The US stock markets closed with significant gains on Wednesday, July 23, 2025. The Dow Jones rose by 1.1% to 45,010 points, the S&P 500 gained 0.8% to finish at 6,358 points, while the tech-heavy Nasdaq Composite climbed 0.6% to 21,020 points – all three indices reached new record highs. The main driver of this positive market day was progress in trade policy. The US reached an agreement with Japan and signaled a rapprochement with the EU, easing concerns over new tariffs and improving export prospects. Tech stocks were particularly in...