U.S. Market Close: Dow Ends Down

The Dow Jones Industrial Average ended the day down, with comprehensive coverage on Bloomberg Television, Radio, and YouTube by Scarlet Fu, Vonnie Quinn, Isabelle Lee, and Tim Stenovec.

The Dow Jones Industrial Average (DJIA) ended the day down on July 2, 2025, according to comprehensive coverage provided by Bloomberg Television, Bloomberg Radio, and YouTube. The DJIA closed at a slight decrease, with notable movements among its constituent stocks.

Johnson & Johnson (JNJ) led the DJIA, trading up 4.3% and registering an 11.9% gain year to date. The company's stock performance was driven by better-than-expected second-quarter results and a raised outlook for the second half of the year. Johnson & Johnson's Chief Financial Officer, Joe Wolk, announced a significant reduction in the company's estimate for the impact of tariffs in 2025, from $400 million to approximately $200 million. This reduction is attributed to the company's MedTech business and is expected to be reinvested in its drug pipeline and the launch of new products [1].

Amazon.com, Inc. (AMZN) was the worst performer, trading down 0.8% and showing a 2.4% gain year to date. Microsoft (MSFT) and Travelers Companies (TRV) also made moves, trading down 0.4% and up 1.2%, respectively [2].

The S&P 500 index also saw notable movements, with Johnson & Johnson's stock climbing 4.5% in morning trading and pacing the index's SPX gainers. The latest quarter saw adjusted earnings per share fall to $2.77 from $2.82 a year ago, but sales grew 5.8% to $23.74 billion, above the FactSet consensus of $22.85 billion [1].

Rival companies in the sector also saw positive movements, with Pfizer Inc. (PFE) up 1%, Eli Lilly & Co. (LLY) advancing 1.6%, and Merck & Co. Inc. (MRK) up 0.6% [1].

The comprehensive coverage on Bloomberg highlighted the impact of various factors, including tariffs and air traffic control costs, on the financial performance of companies. The chief financial officer of Ryanair, Neil Sorahan, discussed the company's performance, noting that the Irish budget airline's net income in the first quarter more than doubled, with profit after tax of 820 million ($953 million) [2].

The Dow Jones Industrial Average's performance reflects a mix of positive and negative factors impacting the market. Investors and financial professionals should closely monitor these developments as they may influence future market trends.

References:
[1] https://www.morningstar.com/news/marketwatch/20250716188/johnson-johnsons-stock-surges-as-tariff-cost-estimate-slashed-and-profit-outlook-raised
[2] https://finance.yahoo.com/video/ryanair-cfo-earnings-atc-costs-053238464.html