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Herd on Wall Street: mooving news stories and updates!
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Fresh High for a Short Day | Herd on Wall Street

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Kevin Travers joined discussion · Jul 3 09:42
The short trading day of July 3rd ended with a fresh all-time highs for the $Nasdaq Composite Index(.IXIC.US)$ and the $S&P 500 Index(.SPX.US)$.
UPDATE: The Nasdaq closed at a fresh high, at 18,188.30, and the S&P 500 closed at 5,537.02.
Anyway, my name is Kevin Travers, here are stories from the moomoo herd on Wall Street today.
$Paramount Global-B(PARA.US)$ was the highest gainer on the S&P 500, climbing 9% after news of its deal to sell off National Amusements, which owns about 77% of Paramount voting shares for $1.75B. The deal will complete over the weekend, according to CNBC sources.
$Tesla(TSLA.US)$ was on the rise again, up 7% and 25% in two days after posting lower delivaries than last year.
$Humana(HUM.US)$, a health insurance firm, and $Walgreens Boots Alliance(WBA.US)$ were the lowest decliners on the S&P500 and Nasdaq 100, respectively, after news that Walmart and Walgreens would sell off their unsuccessful retail pharmacy locations.
In industries tracked by moomoo, Auto Manufacturers were flying 3%, led by Tesla, $XPeng(XPEV.US)$ climbing 7%, and $NIO Inc(NIO.US)$ climbing 6%.
Fresh High for a Short Day | Herd on Wall Street
In commodities, Wednesday, Gold climbed 1.4%, and Silver climbed 3.7%, alongside falling crude oil futures 0.50%.
Oil is experiencing its fourth consecutive week of gains, driven by seasonal demand and record-breaking U.S. travel for the Fourth of July holiday. The American Automobile Association (AAA) projects 70.9 million travelers will journey 50 miles or more during Independence Day week. $Crude Oil Futures(SEP4)(CLmain.US)$ and West Texas Intermediate (WTI) light crude prices soared above $84 Tuesday at their highest level since April 16 before pulling back.
Shortly after the 1 pm EST close, the $S&P 500 Index(.SPX.US)$ climbed 0.51%, and the $Dow Jones Industrial Average(.DJI.US)$ fell 0.06%, and the Nasdaq was still up 0.88%.
Overall, 7500 stocks climbed while 3700 declined Wednesday morning.
Fresh High for a Short Day | Herd on Wall Street
In macro Wednesday, Initial Jobless Claims came in at 238K compared to a forecast 234K and last week's 234K. Traders await the 2 pm EST FOMC minutes release.
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies weekly.
Tuesday morning, Fed President Jerome Powell spoke at the ECB conference, saying there was progress on inflation, and disinflation was back on the menu. He gave no comment on whether he was a one-cut dot plot point or a two-cut dot.
"We want to be more confident that inflation is moving sustainably down...before we start loosening policy," he said.
Monday, the S&P Global US manufacturing index for June was revised down to 51.6. ISM Manufacturing's PMI for June came in at 48.5 vs. 49.2 estimated on Monday.
Wall Street will likely closely watch the U.S. government’s June employment report before the bell on Friday. Wall Street will want to gauge how many jobs the U.S. economy created in June, with a weaker, less-inflationary number possibly pointing toward future Federal Reserve rate cuts.
Users were watching Rivian and other EV stocks yesterday following Tesla hype, and based on the Auto industry stock climb today, it looks like the rest of the market was watching too
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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