Dow Jones Surges to 422nd in Trading Volume as Ergo Stocks Soar

On July 22, 2025, the Dow Jones Industrial Average (Dow) saw a significant increase in trading volume, with a total of 2.72 billion shares traded, marking a 35.14% rise from the previous day. This surge placed the Dow at the 422nd position in terms of daily trading volume. Ergo, the Dow's performance was driven by a 4.47% increase in Ergo's stock price, marking the second consecutive day of gains for the company, with a total increase of 4.66% over the past two days.

President Trump announced a trade deal with the Philippines, imposing a 19% tariff on the country's imports into the US. Meanwhile, a new trade agreement with Indonesia was unveiled, with a 19% tariff on Indonesian goods and a 40% rate on transhipped goods. US exports to both countries will face no import tax.

Negotiations for larger trade pacts with India and the European Union have faced setbacks. An interim deal with India before an August 1 deadline is unlikely due to disagreements on agricultural and dairy products. The EU is preparing retaliatory measures against US companies as Trump pushes for higher tariffs, with a 30% tariff on all EU imports threatened.

Trump is also planning to send letters to over 150 smaller US trade partners, outlining blanket tariff rates. Earlier in July, he announced a 35% tariff on Canadian goods and promised 30% duties on Mexico and the EU. These actions have disrupted ongoing negotiations, with Trump asserting that his letters represent the final deals.