NYSE Pre-Market Update: Stocks Mixed, McGraw Hill, Accelerant IPOs Debut.

The New York Stock Exchange (NYSE) reports mixed stock performance on Thursday following the S&P 500's 12th record close of the year on Wednesday. President Trump's announcement of a trade deal with Japan boosted the index. McGraw Hill, an education solutions firm, and Accelerant, a specialty risk company, are set to debut on the NYSE after raising nearly $415 million and over $723 million in their respective IPOs.

The New York Stock Exchange (NYSE) reported mixed stock performance on Thursday, July 24, following the S&P 500's 12th record close of the year on Wednesday. President Trump's announcement of a trade deal with Japan boosted the index, but the market was tempered by mixed earnings reports and economic data expectations.

US stock market futures were mixed early Thursday, with the S&P 500 holding near 6,394 (–0.04%), Nasdaq-100 futures climbing to 23,226.30 (+0.28%), and Dow Jones futures falling to 44,823.80 (–0.41%) as investors reacted to a wave of key earnings and economic signals [1].

Tech stocks powered Nasdaq gains, led by Alphabet and ServiceNow after strong Q2 results and AI-driven guidance, while Tesla and IBM disappointed Wall Street, weighing heavily on the Dow. The broader market is now bracing for fresh jobless claims data, flash PMI reports, and more earnings that could shift sentiment heading into the Fed’s policy meeting next week [1].

McGraw Hill, an education solutions firm, and Accelerant, a specialty risk company, are set to debut on the NYSE after raising nearly $415 million and over $723 million in their respective IPOs. McGraw Hill priced its initial public offering (IPO) at $17.00 per share, raising approximately $385 million, while Accelerant raised $723 million [2, 4].

The Chinese electric vehicle (EV) batteries and energy storage system producer, CALB Group, saw its shares jump 10.5% to HK$23.65, their highest since February 2023, on robust earnings forecasts. The company expects H1 net profit to jump 70% to 90% y/y to 709 mln-793 mln yuan ($99.12 mln-$110.86 mln) [3].

The overall outlook for today’s stock market session is mixed but cautiously optimistic. Nasdaq is expected to lead, backed by strong tech and AI growth momentum, while the S&P 500 could hold steady, supported by trade optimism and selective earnings strength. The Dow might stay in the red unless industrials or automakers show surprise resilience [1].

Investors should watch for upcoming earnings reports from American Airlines, Blackstone, Microsoft, AT&T, GE Vernova, and Texas Instruments, as well as key macro events such as the Fed Meeting on July 30 and trade deadlines for US–EU and US–China negotiations [1].

References:
[1] https://m.economictimes.com/news/international/us/us-stock-market-futures-mixed-today-sp-500-steady-nasdaq-climbs-on-ai-rally-dow-drops-as-tesla-and-ibm-disappoint/articleshow/122881933.cms
[2] https://www.stocktitan.net/news/RES/rpc-inc-reports-second-quarter-2025-financial-results-and-declares-oe6vd917sh8u.html
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3TL02L:0-china-s-calb-hits-near-2-1-2-year-high-on-robust-earnings-forecast/
[4] https://seekingalpha.com/news/4471159-edtech-firm-mcgraw-hill-prices-ipo-at-17-per-share