{"id":50956,"date":"2025-07-24T16:08:26","date_gmt":"2025-07-24T20:08:26","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/markets-close-mixed-intel-faces-q2-loss-google-inks-1b-cloud-deal-tesla-sells-bitcoin-at-loss\/50956\/"},"modified":"2025-07-24T16:08:26","modified_gmt":"2025-07-24T20:08:26","slug":"markets-close-mixed-intel-faces-q2-loss-google-inks-1b-cloud-deal-tesla-sells-bitcoin-at-loss","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-close-mixed-intel-faces-q2-loss-google-inks-1b-cloud-deal-tesla-sells-bitcoin-at-loss\/50956\/","title":{"rendered":"Markets Close Mixed; Intel Faces Q2 Loss, Google Inks $1B+ Cloud Deal, Tesla Sells Bitcoin at Loss"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. equities closed mixed on Thursday, July 24, 2025, with the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average falling by 0.66%, while the Nasdaq Composite and <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> posted modest gains.<\/strong><\/li>\n<li><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) is projected to report a Q2 loss, facing intense investor scrutiny over its AI strategy and a lack of clear profitability path, with only 4 out of 52 analysts rating the stock a &quot;buy.&quot;<\/strong><\/li>\n<li><strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) secured a significant deal valued at over $1 billion to provide cloud-computing services to software firm ServiceNow (<a href=\"\/stock\/NOW\">NOW<\/a>).<\/strong><\/li>\n<li><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) reportedly sold 75% of its Bitcoin holdings at an inopportune time, potentially missing out on billions in gains.<\/strong><\/li>\n<li><strong>Teck Resources (<a href=\"\/stock\/TECK\">TECK<\/a>) greenlighted a C$2.4 billion extension for a Canadian copper mine, even as it lowered production guidance for its flagship Chilean mine.<\/strong><\/li>\n<\/ul>\n<h2>Market Overview<\/h2>\n<p>U.S. equity markets closed mixed on Thursday, July 24, 2025, as investors digested a flurry of corporate news and economic data. The <strong>Dow Jones Industrial Average<\/strong> unofficially closed down <strong>296.94 points<\/strong>, or <strong>0.66%<\/strong>, settling at <strong>44,713.35<\/strong>. In contrast, the <strong>Nasdaq Composite<\/strong> saw a modest gain, rising <strong>53.17 points<\/strong>, or <strong>0.25%<\/strong>, to end the day at <strong>21,073.19<\/strong>. The <strong>S&amp;P 500<\/strong> also finished in positive territory, up <strong>7.65 points<\/strong>, or <strong>0.12%<\/strong>, closing at <strong>6,366.56<\/strong>.<\/p>\n<h2>Corporate Developments<\/h2>\n<p><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong> is facing significant investor pressure ahead of its upcoming earnings report, with analysts widely expecting the company to post a <strong>Q2 loss<\/strong>. Despite implementing job cuts and capital spending reductions, Wall Street is demanding a <em>credible path to profitability<\/em> rather than just cost-cutting measures. Skepticism remains high regarding Intel&#39;s positioning in the burgeoning AI market and its ability to regain market share from rivals like <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> and <strong>AMD (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong>, with only <strong>4 out of 52 analysts<\/strong> currently rating the stock a \u201cbuy.\u201d<\/p>\n<p>In the cloud computing sector, <strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong> has finalized a deal worth <strong>more than $1 billion<\/strong> to provide its cloud services to software firm <strong>ServiceNow (<a href=\"\/stock\/NOW\">NOW<\/a>)<\/strong>. This substantial agreement underscores the continued growth and strategic importance of cloud infrastructure for major tech companies.<\/p>\n<p><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> made headlines after reports indicated the electric vehicle maker dumped <strong>75% of its Bitcoin<\/strong> holdings at an unfavorable time, potentially <em>losing out on billions<\/em> in unrealized gains. This move comes as the cryptocurrency market continues to experience volatility.<\/p>\n<p>Mining giant <strong>Teck Resources (<a href=\"\/stock\/TECK\">TECK<\/a>)<\/strong> announced a significant capital expenditure, green-lighting an extension worth up to <strong>C$2.4 billion<\/strong> for a major Canadian copper mine. However, the company also faced a setback, lowering its production guidance for its flagship Chilean mine.<\/p>\n<h2>Other Noteworthy News<\/h2>\n<p>In other news, <strong>U.S. President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> commented on the Federal Reserve&#39;s <strong>$3.1 billion (plus!)<\/strong> construction project, noting his planned visit to the Fed with key officials including Chair Jerome Powell and Senators Tim Scott and Thom Tillis. Geopolitically, the <strong>U.S. and Japan<\/strong> are reportedly at odds over the specifics of a new tariff deal, lacking a clear start date. Furthermore, <strong>Israel and the U.S.<\/strong> have exited Gaza ceasefire talks in Qatar. <strong>France\u2019s President Emmanuel Macron<\/strong> announced that France will formally recognize a Palestinian state at the United Nations General Assembly this September. The new leader of the FAA stated that the deadly crash of an Air India Boeing 787 jet was <em>unlikely to have been caused by a mechanic<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. equities closed mixed on Thursday, July 24, 2025, with the Dow Jones Industrial Average falling by 0.66%, 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