Stock Market Overview
Fri, Jul 26th, 2024
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Stocks Rebound Higher as Deflator Report Supports Fed Rate-Cut Expectations
Barchart - Fri Jul 26, 3:39PM CDT
The S&P 500 Index ($SPX) (SPY) on Friday rose +1.14%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +1.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +1.03%.
US stocks Friday rebounded higher on some bargain hunting after the rout seen on Wednesday and Thursday. Stocks also saw support from Friday’s US PCE deflator report, which was largely in line with dovish market expectations and supported the thesis for a Fed rate cut in September.
The Russell 2000 index on Friday rallied by +1.67%, besting the +1.14% rise in the S&P 500 index, as small-cap stocks extended this week’s rally.  The Russell 2000 rose by +3.35% on the week, much better than the comparable -0.95% performance of the S&P 500 index. There was some rotation into small-cap stocks after the mega-cap tech stocks and chip stocks took a heavy hit this week and weighed down the S&P 500 index and Nasdaq 100 index.
Sep 10-year T-note prices rallied after the PCE deflator report and provided underlying... Read more
3 High Dividend Stocks Beginning To Breakout Off Their 52-Week Lows
Barchart - Fri Jul 26, 6:00PM CDT
These stocks have recently hit their 52-week lows and are highly rated. Is now the time to buy?
Senators call on Federal Trade Commission to investigate automakers' sale of driving data to brokers
AP - Fri Jul 26, 5:56PM CDT
Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who package it and then sell it to insurance companies
Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
AP - Fri Jul 26, 4:59PM CDT
Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies
Gaming Mag 7 Earnings and Macro
Blue Line Futures - Fri Jul 26, 4:04PM CDT
Bill Baruch expects strong Mag 7 earnings to come, explains why, and discusses what macro headwind he fears could be a Black Swan event.
Quiver Markets Close: Wall Street Rallies on Inflation Data
Quiver Quantitative, Inc. - Fri Jul 26, 3:52PM CDT
Wall Street's major stock indexes rose on Friday, recovering some losses from earlier in the week, as tech megacaps rebounded and in-line inflation data bolstered hopes for a Federal Reserve rate cut in...
Stocks Rebound Higher as Deflator Report Supports Fed Rate-Cut Expectations
Barchart - Fri Jul 26, 3:39PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Friday rose +1.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) rose +1.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +1.03%. US stocks Friday rebounded higher...
