Wall Street Today: The tech-heavy Nasdaq Composite hit its all-time high level amid Trump tariffs on Thursday, 10 July 2025. Meanwhile, other benchmark stock market indices opened flat. Airline stocks surged at the opening bell after Delta Air announced its better-than-expected earnings outlook for the year.
Nasdaq hit an all-time high of $20,653.85 on Thursday, according to MarketWatch data.
Delta Air Lines stock was trading 12.52% higher during Thursday’s early trading session at $57.67 as of 10:29 a.m. (EDT), compared to $50.70 at the previous US market close, according to MarketWatch data.
Delta Air expects an adjusted profit of $5.25 to $6.25 a share this year, according to a Bloomberg report citing the company’s results.
According to multiple media reports, major US airline carriers like Delta slashed their earnings forecast for the spring season due to the nation’s macroeconomic uncertainty amid President Donald Trump’s tariffs. This made people think more before spending due to higher expenses.
Other airline stocks, such as United Airlines Holdings Inc., American Airlines Group Inc., Southwest Airlines Co., and the US Global Jets ETF, rallied after the US market opened, with some gaining over 10% during Thursday’s trading session.
US Market Movement Today
At the opening bell on 9:31 a.m. (EDT), The Dow Jones Industrial Average opened 0.15% lower at 44,390.06 points, compared to 44,458.30 points at the previous US market close. As of 10:40 a.m. (EDT), Dow is trading 0.41% higher at 44,640.68 points.
McDonald’s Corp., Nike Inc., Caterpillar Inc., American Express Co., 3M Co., Chevron Corp., Johnson & Johnson, Home Depot Inc., Amgen Inc., Merck & Co. Inc., JPMorgan Chase & Co., Apple Inc., and Sherwin-WilliamsCo., were among the top gainers, as per MarketWatch data.
Companies like Salesforce, International Business Machines Corp., Cisco Systems Inc., Microsoft Corp., were among the losers on Thursday’s trading session.
S&P 500 index opened 0.01% lower at 6,262.43 points compared to 6,263.26 points at the previous market close. The index is trading 0.15% higher at 6,272.82 points, as of 11:11 a.m. (EDT).
Apart from the airline stocks, other companies that traded higher on Thursday were Albemarle Corp., Estee Lauder Cos., and Charles River Laboratories International Inc., while companies like Autodesk Inc., Axon Enterprise Inc., and PTC Inc. were among others that traded lower.
The tech-heavy Nasdaq Composite gained 0.10% to open at 20,632.63 points, compared to 20,611.34 points at the previous US market close. The index is currently trading at 0.09% lower at 20,594.09 points, as of 11:29 a.m. (EDT) on Thursday, 10 July 2025.
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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
