marketmoves

🇺🇸 US Markets Brief

🎯 JPMorgan eyes crypto-backed loans; US-China trade talks near tariff deadline; Coca-Cola raises outlook.

🔸 JPMorgan $JPM is considering offering loans directly backed by Bitcoin (X:BTCUSD $BTCUSD) and Ethereum (X:ETHUSD $ETHUSD), a notable shift in its crypto policy.

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🔸 SpaceX transfers $153 million in Bitcoin $BTCUSD internally, with no change to its overall crypto holdings.
🔸 Ethena’s StablecoinX plans a Nasdaq listing, aiming to buy back 8% of ENA tokens; ENA rises 8% on the news.

🔸 D.R. Horton and Danaher report earnings beats; Sherwin-Williams misses and lowers its 2025 outlook due to weaker construction demand.
🔸 Roper, Danaher, and Halliburton all post Q2 revenue above forecasts, but margin performance is mixed.

🔸 US Commerce Secretary Bessent meets with Chinese officials in Stockholm ahead of an Aug. 1 trade deal deadline, with potential tariff hikes if talks stall.
🔸 Coca-Cola $KO beats Q2 profit estimates, raises 2025 EPS outlook, and maintains organic revenue guidance despite softer volumes.