The S&P 500 added 0.8% on Wednesday, July 23, 2025, after the U.S. announced a trade agreement with Japan and more companies posted quarterly results.

Tesla posted second-quarter earnings that missed analysts' expectations as sales fell for the second straight quarter.

Shares of Chipotle Mexican Grill dropped late Wednesday after the burrito-and-bowl chain scaled back its same-store sales outlook, again.