Market update for Tuesday July 21, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Why a calm S&amp;P 500 is hiding historic volatility beneath the market’s surface Trump’s new 50% tariffs on certain Canadian goods (and the looming legal fight) How GM is growing profits while selling fewer cars Why 3M and Nebius are surging while Equifax gets hammered How the World Cup boosted American hotels, bars and FIFA’s bottom line

GM Profits Jump While Sales Fall, Trump Slaps 50% Tariffs on Canada

The Rundown

[SPEAKER_A] public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani, and today is Tuesday July 21. In today's episode, we'll tell you about the latest tariff threat from President Trump and why the market is ignoring it for now. We'll also break down GM's earnings and how the automaker is growing profits while selling fewer cars. Then stick around to the end of the show to find out how much money FIFA made from this World Cup. We got a great show for you today. Let's go! Stocks kept sliding on Monday with the S&P 500 falling 0.2% while the NASDAQ was basically flat, technically down 0.05%. So overall, not a lot of movement in the index, but nearly two-thirds of the stocks in the S&P were in the red yesterday. In fact, there's been a lot of volatility under the surface. According to BTIG, there have been 52 trading days this year where the S&P moved in one direction while the majority of the stocks moved in the other direction. That's not very common. In fact, this ties the year 2000 for the third most times that's happened this century, and we still have 5 more months left in the year. Also, if you look at the VIX, which is the market's fear gauge, it's sitting at a relatively chill 17.5. So what that indicates is that investors aren't expecting an overall market crash, but they are expecting volatility in certain stocks and sectors, and we're already seeing that. There's been a lot of rotation in and out of sectors over the last few months, and a part of this is because of all the uncertainty right now.

GM Profits Jump While Sales Fall, Trump Slaps 50% Tariffs on Canada

Read the full transcript

The candid version is on a podcast,
not the earnings call.

GM Profits Jump While Sales Fall, Trump Slaps 50% Tariffs on Canada

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.