Among companies with a market capitalization of at least $10 billion, Medpace Holdings saw the highest growth last week. Shares of the clinical trial services provider rose by 43.49% in one week (stock price: $447.49). Next was ICON Public Limited Company, operating in pharmaceutical research, with a 30.28% increase ($187.01). The top three were rounded out by West Pharmaceutical Services, a manufacturer of pharmaceutical packaging and injectable systems, with a 24.95% rise ($263.51).
The three companies with the largest losses among large-cap firms last week were led by Liberty Broadband Corporation. The broadband communications provider’s shares dropped 19.14% ($70.06). Next was telecom company Charter Communications, which fell 18.49% ($309.75), followed by AST SpaceMobile, a developer of satellite communication technologies, with a 9.53% decline ($54.34).
U.S. stock markets ended the week strong, with the S&P 500 and Nasdaq reaching record highs. The S&P 500 closed the week up 1.5%, the Nasdaq rose 1%, and the Dow gained 1.3%. Investor optimism was fueled by progress in trade negotiations and stronger-than-expected corporate earnings. Notably, quarterly reports from tech giants Apple, Microsoft, Amazon, and Meta are expected this week.
European stock markets opened Monday higher, reaching a four-month peak after the EU and U.S. signed a trade agreement that sets a 15% tariff on most EU goods, down from the previous 27.5%. However, talks on alcohol tariffs are still ongoing, which led to declines in the stock prices of companies in that sector, including Pernod Ricard.
Against this backdrop of positive developments, equity funds recorded inflows. In the week ending July 23, $8.71 billion was invested into such funds. Bond funds attracted $17.94 billion, marking their 14th consecutive week of inflows. Money market funds also “recovered,” posting a $2.09 billion inflow after significant outflows the previous week.
Intel’s stock dropped 8% after new CEO Lip-Bu Tan warned that the company might exit the chip manufacturing business if it fails to secure a major client. This move could cast doubt on Intel’s future in advanced chip production. The company also forecasted even greater losses in the third quarter compared to the previous one and plans to implement new layoffs and shut down two European plants.
Google's parent company Alphabet reported strong quarterly earnings on Thursday, driving its stock up by over 3%. The growth was primarily driven by rising demand for AI-powered cloud services.
Chipotle’s stock fell 13% on Thursday after the company lowered its annual sales forecast due to weakening customer demand for in-restaurant dining. With high inflation and economic uncertainty, lower-income individuals are opting for home-cooked meals, leading to a decline in sales during April and May. Despite this, Chipotle remains a leader in the fast-food and restaurant sector, holding over 25% market share.
On Thursday morning, during the pre-market session, Tesla’s stock dropped about 7%. Earlier, the company had released its quarterly results, revealing the sharpest commercial decline in a decade. Tesla shares are down 18% in 2025, currently showing the weakest performance among the “Magnificent Seven” major tech firms.
On July 28, 2025, Armenia's securities market saw the placement of 3 billion drams in government bonds, set to mature on November 3, 2025. The public auction had four participants, who submitted offers totaling 9.2 billion drams. The average weighted price of the placed government bonds was 98.0261 drams, with a yield of 7.4733%.
At its most recent meeting, the European Central Bank (ECB) left its key refinancing rate unchanged at 2%, halting a series of rate cuts. As a result, the euro slightly weakened. However, markets still expect the ECB to deliver another 0.25% rate cut by the end of the year.
In July, U.S. businesses overall experienced growth, with many companies raising prices for goods and services. The S&P Global Business Activity Index rose to 54.6, the highest reading since December. Growth was primarily driven by the services sector, which increased from 52.9 in June to 55.2. However, manufacturing declined to 49.5, marking the first contraction since December, attributed to tariffs and rising costs.
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