{"id":51314,"date":"2025-07-31T16:38:25","date_gmt":"2025-07-31T20:38:25","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-dips-as-tech-giants-report-mixed-earnings-coinbase-unveils-new-offerings\/51314\/"},"modified":"2025-07-31T16:38:25","modified_gmt":"2025-07-31T20:38:25","slug":"market-dips-as-tech-giants-report-mixed-earnings-coinbase-unveils-new-offerings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-dips-as-tech-giants-report-mixed-earnings-coinbase-unveils-new-offerings\/51314\/","title":{"rendered":"Market Dips as Tech Giants Report Mixed Earnings; Coinbase Unveils New Offerings"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Major U.S. indices closed lower on July 31, 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 315 points (-0.71%) to 44,145.92, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> down 21.07 points (-0.33%) to 6,341.83, and the Nasdaq declining 13.69 points (-0.07%) to 21,115.99.<\/strong><\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) reported stronger-than-expected Q2 earnings with EPS of $1.68 on net sales of $167.7 billion, surpassing estimates, though its Q3 operating income projection fell short of analyst expectations.<\/strong><\/li>\n<li><strong>Coinbase (<a href=\"\/stock\/COIN\">COIN<\/a>) announced plans to launch tokenized stocks and predictions markets for U.S. users in the coming months, despite Q2 revenue of $1.50 billion missing estimates, while EPS of $5.14 significantly beat expectations.<\/strong><\/li>\n<li><strong>Reddit (<a href=\"\/stock\/RDDT\">RDDT<\/a>) delivered a strong Q2 performance, reporting revenue of $500 million and EPS of $0.45, both well above analyst estimates, and provided an optimistic Q3 revenue outlook.<\/strong><\/li>\n<li><strong>Lumen Technologies (<a href=\"\/stock\/LUMN\">LUMN<\/a>) posted a significant net loss of -$915 million in Q2, missing analyst estimates, citing a $46 million RDOF impact, but raised its full-year cash flow guidance due to a $400 million tax bill benefit.<\/strong><\/li>\n<\/ul>\n<p>U.S. equity markets concluded July 31, 2025, in negative territory, reflecting a mixed bag of corporate earnings and ongoing trade discussions. The <strong>Dow Jones Industrial Average<\/strong> saw the largest percentage drop, closing down <strong>0.71%<\/strong>, while the <strong>S&amp;P 500<\/strong> and <strong>Nasdaq<\/strong> also registered declines.<\/p>\n<p><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> was a focal point after its Q2 earnings report. The e-commerce and cloud giant exceeded expectations with <strong>EPS of $1.68<\/strong> and <strong>net sales of $167.7 billion<\/strong>, outperforming analyst estimates of $1.33 and $162.1 billion, respectively. Its <strong>AWS sales<\/strong> also came in strong at <strong>$30.9 billion<\/strong>. However, the company&#39;s projected operating income for Q3 fell short of analysts&#39; estimates, potentially contributing to market caution.<\/p>\n<p>Cryptocurrency exchange <strong>Coinbase (<a href=\"\/stock\/COIN\">COIN<\/a>)<\/strong> made headlines with its Q2 earnings and a strategic announcement. While its <strong>Q2 revenue of $1.50 billion<\/strong> slightly missed the estimated $1.60 billion, the company posted a robust <strong>EPS of $5.14<\/strong>, significantly exceeding the $1.26 estimate. Coinbase also revealed plans to introduce <em>tokenized stocks and predictions markets<\/em> for U.S. users in the upcoming months, signaling an expansion of its offerings.<\/p>\n<p>Social media platform <strong>Reddit (<a href=\"\/stock\/RDDT\">RDDT<\/a>)<\/strong> reported a strong second quarter, with <strong>revenue reaching $500 million<\/strong> against an estimated $426 million, and <strong>EPS of $0.45<\/strong> far surpassing the $0.19 estimate. The company&#39;s <strong>Daily Active Users (DAU)<\/strong> grew <strong>21% year-over-year to 110.4 million<\/strong>, and its Q3 revenue outlook of <strong>$535M\u2013$545M<\/strong> also exceeded analyst projections.<\/p>\n<p>Telecommunications firm <strong>Lumen Technologies (<a href=\"\/stock\/LUMN\">LUMN<\/a>)<\/strong> faced a challenging quarter, reporting a substantial <strong>net loss of -$915 million<\/strong> and an <strong>adjusted EPS of -$0.03<\/strong>, missing estimates. The company attributed a slight revenue miss to a <strong>$46 million RDOF impact<\/strong> from federal broadband funding delays. Despite this, Lumen raised its full-year cash flow guidance, citing a <strong>$400 million benefit from favorable tax legislation<\/strong>.<\/p>\n<p>Other earnings reports included <strong>Illumina (<a href=\"\/stock\/ILMN\">ILMN<\/a>)<\/strong>, which posted Q2 revenue of <strong>$1.06 billion<\/strong> and adjusted EPS of <strong>$1.19<\/strong>, both slightly above estimates. <strong>Paramount Global (<a href=\"\/stock\/PARA\">PARA<\/a>)<\/strong> also delivered a positive Q2, with <strong>adjusted EPS of $0.46<\/strong> and <strong>revenue of $6.85 billion<\/strong>, largely meeting or exceeding expectations. Its <strong>Paramount+ subscribers<\/strong> grew to <strong>77.7 million<\/strong>, with streaming revenue up <strong>23% year-over-year<\/strong>.<\/p>\n<p>On the trade front, Commerce Secretary Lutnick indicated that talks with <strong>India, Canada, and China<\/strong> are progressing. He suggested a <strong>90-day tariff truce extension<\/strong> with China is likely, though the final decision rests with the President. Regarding Canada, Lutnick hinted at potential tariff cuts if Prime Minister Carney cooperates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Major U.S. indices closed lower on July 31, 2025, with the Dow Jones Industrial Average falling 315 points 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