At the halfway point of 2024, the major benchmarks have surged to impressive heights. The S & P 500 and Nasdaq Composite are hovering around all-time highs, having rallied roughly 15% and 19%, respectively. The Dow Jones Industrial Average , which has less exposure to tech stocks, has risen nearly 4% year to date. Much of the gains for the broad market index and the tech-heavy Nasdaq can be attributed to Nvidia , which has now grown so large it has the heft to move the entire market.
mountain Nvidia That exuberance has many investors concerned that the AI trade — and by extension, the markets — has exhausted itself, and they're deliberating how to position their portfolios for the balance of the year. If the choppy moves of the last week are any indication, the path forward promises to be volatile. "Equity market warning lights are starting to flash, but most investors can't hear or see them as the F.O.M.
Job Openings Wednesday, July 3 8:15 a.m. ADP Employment Survey 8:30 a.m. Continuing Jobless Claims 8:30 a.m. Initial Claims 8:30 a.m. Trade Balance 9:45 a.m. PMI Composite final 9:45 a.m. S & P PMI Services final 10 a.m. Durable Orders 10 a.m. Factory Orders 10 a.m. ISM Services PMI 2 p.m.
Minutes Earnings: Constellation Brands Thursday, July 4 Independence Day Holiday Friday, July 5 8:30 a.m. June Jobs Report
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nypost - 🏆 91. / 67 Read more »