On July 22, 2025, the U.S. stock market showed a complex trend. Major indices performed differently, with the Dow Jones Industrial Average rising by 0.40%, the S&P 500 slightly increasing by 0.06%, while the Nasdaq Composite fell by 0.39%.

The volatility index VIXY fell slightly by 0.34%, closing at 43.55 points, reflecting a relatively stable overall market sentiment.

The performance of tech giants is varied. Alphabet Inc. Class A shares rose 0.65%, Apple Inc. shares rose 0.9%, and electric vehicle manufacturer Tesla rose 1.1%. However, graphics processing unit giant Nvidia fell 2.54%, social media giant Meta fell 1.14%, software giant Microsoft fell 0.94%, and e-commerce giant Amazon fell 0.80%.

Chinese concept stocks performed strongly overall, with the Nasdaq Golden Dragon China Index rising significantly by 1.7%. Electric vehicle manufacturer NIO stood out, with its stock price soaring over 10%. Internet search giant Baidu rose by more than 4%, while Xpeng Motors and Pinduoduo both increased by more than 3%. E-commerce giant JD and electric vehicle manufacturer Li Auto also rose by more than 1% respectively.

It is worth noting that some individual stocks have experienced significant volatility. Retailer Kohl's stock price has risen over 37%, while real estate technology company Opendoor Technologies has fallen by 10%, indicating a high level of speculation in certain sectors.

Overall, this trading day reflects investors' differentiated views on various industries and companies, with technology stocks, Chinese concept stocks, and the retail sector showing different trends, highlighting the complexity of the market and the differentiated expectations for the future prospects of various fields.