Can the S&P 500 Sustain a #HotStockSummer?
UNITED STATES, JUL 29 – The market advances despite mixed results among key tech stocks as investors await major earnings and the Federal Reserve meeting, with the S&P 500 up nearly 28% since April.
- On Monday, some stocks supported the market though the Dow slipped 150 points and the Nasdaq was flat amid declining breadth.
- This market activity followed optimism from fresh jobs data, upcoming tech earnings, and easing trade tensions after an EU-US trade deal this weekend.
- Boeing led early gains with better-than-expected second-quarter revenue of $22.7 billion, while PayPal launched Pay with Crypto to lower cross-border payment costs.
- The U.S. goods trade deficit narrowed 10.8% to $86 billion in June due mainly to an $11.5 billion drop in imports and a $1.1 billion fall in exports.
- Investors awaited key Federal Reserve policy decisions and tech earnings this week amid a strong economic rebound and expectations that the S&P 500 could rise further.
19 Articles
19 Articles
Can the S&P 500 Sustain a #HotStockSummer?
The stock market is starting to look a little like a double almond milk espresso: extra strong, with just a bit of froth on top. Or maybe a lot of froth, depending on your perspective. On Tuesday, the S&P 500 closed down 0.3%, snapping a remarkable streak of six straight closing highs through Monday — an unmatched stretch since 2021. The index is up nearly 28% since sinking to a low on April 8, as Liberation Day tariffs sparked widespread fears …
The U.S. shares rose on Tuesday, with a view to achieving more records. Investors are analyzing a new wave of corporate results and waiting for key economic data in what is profiled as a major week on Wall Street.The S&P 500 (^GSPC) advanced by 0.2%, after having achieved by little its sixth consecutive historic closure.The Nasdaq Composite (^IXIC), of great technological weight, led the rise with a profit of 0.4%.On the other hand, the Dow Jone…
Stock Market Today: Dow, S&P 500, Nasdaq Slip; Fed Rate Meeting; Trump, China Trade Talks; SoFi, UnitedHealth, UPS, Sarepta, More Movers
The Dow, S&P 500, and Nasdaq are slipping as the stock market braces for the Fed's latest rate decision, Big Tech earnings, and the results of President Donald Trump's trade talks with China.
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