Boeing Pulls Dow Lower, S&P 500 Falls From Close to ATH Levels | Stonk Break
Good day, traders; happy Tuesday, August 20. The market opened green but slipped into the red after a eight-session bull run went soft. Investors are watching the Democrats produce their new platform for their presidential nominee and eagerly awaiting a macroeconomics talk with Jerome Powell on Friday.
My name is Kevin Travers, here are stocks moooving on Wall Street today.
$Lowe's Companies (LOW.US)$ It fell a bit on Tuesday after reporting lower Q2 sales, citing weaker consumer demand for big ticket items. They also blamed bad weather, according to MarketWatch.
$Eli Lilly and Co (LLY.US)$ climbed about 3% after a three-year medical trial studying Mounjaro found it significantly decreased the risk of progressing from pre-diabetes and obesity towards type 2. The risk dropped by 94%, according to the study.
AST SpaceMobile Inc $AST SpaceMobile (ASTS.US)$ shares pulled back Tuesday following a price surge after the company reported Q2 results and announced that it's on track to launch five satellites in early September. It was one of the most popular stocks on moomoo.
$Palo Alto Networks (PANW.US)$ was trending Tuesday morning, gaining 7% as the highest-reaching stock on the S&P 500 after the firm reported fourth-quarter earnings Monday night and revenue that topped Wall Street targets. It climbed after feeling the positivity of multiple analyst upgrades and price adjustments.
$Boeing (BA.US)$ fell 5%, the lowest on the Dow Jones Industrial Average, after the firm grounded its 777X jetliner test flights after finding cracks in the plane.
Investors are watching for a few retail-focused firms and tech companies this week. $Target (TGT.US)$ comes on on Wednesday alongside $Zoom Video Communications (ZM.US)$ and $Snowflake (SNOW.US)$ Wednesday. $Intuit (INTU.US)$ , $CAVA Group (CAVA.US)$ and $The Toronto-Dominion Bank (TD.US)$ are set to annoucne Thursday.
The cybersecurity industry sector of the stock market was climbing higher Tuesday, following Palo Alto Networks.
$Crude Oil Futures(OCT4) (CLmain.US)$ fell further after hitting a two-week low Monday, $Bitcoin (BTC.CC)$ fell below $60k again, Gold remained near its multi-year high. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell.
The market teetered on near all-time highs after opening to a green, ninth session of gains. If the S&P 500 closes higher, it would be its longest winning streak for the year, and though it started the day 1% away from an all-time high, shortly after 11:23 am ET, the index $S&P 500 Index (.SPX.US)$ was falling back 0.24%.
The $Dow Jones Industrial Average (.DJI.US)$ fell 0.25%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.35%.
Investors are digesting comments made during the Democratic National Committee, where the Harris campaign made public their plans to combat price gouging, subsidize housing, and raise the corporate tax rate 7% to 28%.
Investors are also awaiting Powell's speech in macroeconomics at Jackson Hole this Friday at 10 am ET; catch it live on moomoo with our broadcast and commentary.
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Yesterday, users were talking about the election and what policies they liked from each candidate. Many said they expected one candidate to help the economy and one to hurt it, but no one agreed on who.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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Jack abcz : Feel Harris doesn’t have the ability to manage the country well.
Delvekio A Rudd : I’m looking forward to casting my vote for Kamala Harris with an Optimistic Hope for a Bright Future under Her Leadership!
let it squeeze Delvekio A Rudd : even if I was drunk and stupid I would never cast a vote for her....to each their own...respectfully....but you, may want to look further into what they are about...just personal opinion since you opened the topic up
let it squeeze Jack abcz : I don't think she could manage a single sentence that made since to someone who wasn't on mushrooms...lol
Delvekio A Rudd let it squeeze : Thank you for your comment and I definitely perform the necessary research on all candidates before deciding where to cast my vote.. I am not a die hard party person.. I voted for George Bush twice and I voted for Trump 2016… Unfortunately, I will Not be voting for Trump this time around.
IMO,
He has not been a good example of appropriate leadership and I don’t believe his policies represent a positive forward direction for our country. He treats the office like a comedy special and is tremendously self serving. He does not appeal to the goodness and moral fabric of America. And for those reasons, I’m out on the Trump deal.
Again I Declare,
I Will Proudly Cast My Vote for Madam Vice President Kamala Harris to Lead Our Country and the Free World into a Future of Hope, Promise and Prosperity for not just some but For All Americans!
Thank You
Delvekio Rudd
R2029 Delvekio A Rudd : Aight bro knock yourself out
White_Shadow : Today I'm watching Tech sector and the major players like $NVIDIA (NVDA.US)$ to see if they can go green before the end of the day, always watching oil futures & electrification metals futures. Trump is a Traitor & a criminal
White_Shadow let it squeeze : yeah so let's give the keys to the Rapist Traitor who promises to never give them back...
White_Shadow let it squeeze : so you are voting for the Traitor/ Rapist & the drag queen
White_Shadow Delvekio A Rudd :
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