23rd July – Stocks mixed again as record run slows

MPC Markets Morning Call · Jul 22, 2025 · 17m

Global markets were mixed, with the Dow up slightly, the Nasdaq down 0.5%, and the S&P 500 nearly flat—reflecting a continued slowdown after months of record gains. Australian shares posted a small gain, helped by strong commodity prices, while money rotated out of the overpriced banking sector and into healthcare, materials, and other areas. Iron ore, copper, gold, silver, and lithium all rallied, with iron ore up 7% for the week, copper hitting a record, and lithium stocks up more than 10% in recent sessions. These moves benefited local miners and sparked a broader rebound in resources…