2024-07-29 19:55:08
Markets
Stocks
Earnings

Markets Kick Off Huge Week: S&P 500 and Nasdaq Gain

Image courtesy of : AFP (SPENCER PLATT)

Stocks opened the week positively, propelled by the Fed's decision, jobs report, and Big Tech earnings. The S&P 500 and Nasdaq climbed, while the Dow remained stable.

Market watchers anticipate surprises amidst a flurry of events, including the jobs report, McDonald's disappointing performance, the U.S. economy's 'sweet spot', results from the 'Magnificent Seven', and the focus on over 150 S&P 500 companies reporting earnings.

Additionally, Asian markets saw gains amid speculation surrounding central bank actions and economic data releases from China and Australia. With a significant number of companies set to unveil earnings this week, investors are carefully navigating through the Fed's policy decisions and awaiting financial results from tech giants.

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Twelve S&P 500 stocks, including Walgreens Boots Alliance, Dexcom, Super Micro Computer, and Albemarle, have crashed 40% or more from their 52-week highs. Super Micro Computer's stock trades at 38 times its trailing adjusted earnings, nearly 70% higher than its 5-year average P/E, despite its strong Composite, EPS, and Relative Strength Ratings. Walgreens Boots Alliance and Albemarle are struggling, with their earnings per share expected to tank 28% and 90% this year, respectively. A 40% decline..
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29. Juli 2024 um 16:03

Stock market news today: S&P 500, Nasdaq gain to kick off huge week for markets

Finance
Economy
Technology
Stocks gained to start big week with Fed decision, jobs report, and Big Tech earnings. S&P 500 and Nasdaq rose, Dow flat. Investors await surprises, with jobs report, McDonald's miss, US economy 'sweet spot', 'Magnificent Seven' results, and over 150 S&P 500 members reporting earnings in focus.
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