WEDNESDAY 7/25/18; President Trump and EU President Juncker Avert Trade War; BA; UPS; KO; GM; BSX; GD; NOC; HES; MDLZ; LH; ROK; IR; GLW; OC; CHKP; USG; EVR; FCX; PF; GRUB; TMO; HLT; SIRI; HCA; R; New Home Sales; MIB (Italy) Loses -1.4%; 5-Year Note Auction; COMPQ, NDX, XLK, FB, AAPL, AMZN and GOOGL Print All-Time Record Highs; COMPQ Overtakes 7.9K; NDX Above 7.5K; FB Crashes -24% on Earnings; F; V; QCOM; AMD; XLNX; PYPL; GILD; ALGN; VRTX; MAT; ETH; ORLY; PKG; CLB; LVS; MHK; TRN

Euro 1.1684. Dollar/yen 111.23. Pound 1.3147. Aussie dollar 0.7428. Indian rupee 68.9463. Dollar/yuan 6.7927. USD 94.60.

[Purchase the July publication 2018-07 for the detailed explanation of the economic data, politics and news events impacting global stock, bond and currency markets.]

At 6 PM, FB is down -23% as the medics try to stop the bleeding. Facebook has lost one-quarter of its value since the closing bell.

At 6:27 PM, FB is down -21%. The tech sector will be hit tomorrow. Nasdaq 100 index futures are down 64 points wiping out two-thirds of today’s gains.