LEIBOVIT VR NEWSLETTERS – WEDNESDAY – JULY 17, 2024
https://www.howestreet.com/2024/07/a-bumpy-day-for-the-major-stock-markets-mark-leibovit/
Dow Surges To New Record Closing High On Upbeat Earnings News
Extending the upward move seen over the two previous sessions, stocks moved mostly higher during trading on Tuesday. The Dow led the charge, surging to a new record closing high.
The Dow jumped 742.76 points or 1.9 percent to 40,954.48, the S&P 500 climbed 35.98 points or 0.6 percent to a new record closing high of 5,667.20 and the Nasdaq rose 36.77 points or 0.2 percent to 18,509.34.
The strength on Wall Street partly reflected a positive reaction to some of the latest earnings news, with Dow component UnitedHealth (UNH) moving sharply higher after reporting second quarter earnings that exceeded analyst estimates.
Bank of America (BAC) also moved notably higher after the financial giant reported better than expected second quarter earnings.
Shares of Morgan Stanley (MS) also turned positive after seeing initial weakness after the company reported better than expected second quarter […]
LEIBOVIT VR NEWSLETTERS – ‘TURNAROUND TUESDAY’ – JULY 16, 2024 – ENJOY THE RALLY WHILE IT LASTS – LIKELY A LAST GASP MOVE IN PROGRESS
https://www.howestreet.com/2024/07/a-bumpy-day-for-the-major-stock-markets-mark-leibovit/
Stocks Close On Firm Note; Dow, S&P Hit Fresh Closing Highs
U.S. stocks closed on a firm note on Monday with two of the three major indices moving on to record fresh highs, thanks to
strong buying at several counters from across various sectors.
Optimism about interest rate cuts by the Fed, and rising prospects of former President Donald Trump winning the upcoming
presidential elections rendered the mood positive on Wall Street.
The Dow ended up 210.82 points or 0.53 percent at 40,211.72 after scaling a new high at 40,351.10. The S&P 500, which
climbed to a new high of 5,666.94, settled at 5,631.22, gaining 15.87 points or 0.28 percent, while the Nasdaq ended with a
gain of 74.12 points or 0.4 percent at 18,472.57, after hitting a high of 18,641.53.
Caterpillar climbed more than 3 percent. Goldman Sachs gained about 2.6 percent on strong second quarter results.
JP Morgan Chase and American Express gained 2.5 percent, […]
