US Stocks Rise, Opendoor Surges 100%, Bruker Plummets on Q2 Results

The S&P 500 is poised to reach a new record high, while Opendoor's stock has surged over 100% in Monday's trading. Bruker's stock has plummeted after its preliminary Q2 results failed to impress investors. US stocks are climbing overall.

The S&P 500 is poised to reach a new record high, with the index gaining 0.56% to 6,331.90 points on Monday, July 21, 2025. This increase was driven by gains in megacaps, particularly in technology stocks, as investors anticipate major earnings reports from companies like Google-parent Alphabet and electric-vehicle maker Tesla [1].

Opendoor Technologies (OPEN) stock surged over 100% in Monday's trading, reaching its highest level since going public through a SPAC transaction in December 2020. The stock rose as much as 115% in afternoon trading, with retail trading activity surging in recent weeks [3]. This meteoric rise is partly fueled by a public bull case from Carvana (CVNA) turnaround spotter EMJ Capital and speculative bets posted on the subreddit wallstreetbets.

Meanwhile, Bruker Corporation's stock plummeted after its preliminary Q2 results failed to impress investors. The company's stock fell sharply, reflecting market disappointment with the preliminary financial performance [3].

Overall, US stocks are climbing, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite all reaching new highs or near-record levels. The S&P 500 and the Nasdaq both posted new highs, while the Dow Jones Industrial Average rose to within 1.28% of its all-time high [1].

Investors are optimistic about the prospects of fresh trade deals, which could boost market sentiment. However, the possibility of U.S. tariffs on imports from Mexico and the EU, and the lack of progress in trade talks, have led to cautious optimism. The European Union is exploring broader counter-measures against the United States, as hopes for a breakthrough deal with Washington dwindle [1].

The Federal Reserve's next policy meeting on July 30 will be closely watched, with investors focusing on any clues from Federal Reserve Chair Jerome Powell regarding the central bank's next move. Traders have largely ruled out a July rate cut but are now pegging the odds at about 56% for a September reduction [1].

References:
[1] https://www.reuters.com/business/nasdaq-sp-hit-record-levels-megacaps-rise-ahead-tech-earnings-2025-07-21/
[3] https://finance.yahoo.com/news/opendoor-stock-gains-more-than-75-as-retail-frenzy-continues-to-push-shares-higher-135138832.html