TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 AMD
Advanced Micro Devices
-- 119.210 OXY
Occidental Petroleum
-- 47.130 
Fresh Highs Before Flat Trading, Last Week Before Q2 Earnings | Herd on Wall Street
Morning traders, it is the final slow week before a new earnings season begins Thurday with $Delta Air Lines (DAL.US)$ and properly on Friday with $JPMorgan (JPM.US)$.
Welcome to the end of the dog days of summer for a while; my name is Kevin Travers, and here are stories from the moomoo herd on Wall Street today.
$Intel (INTC.US)$ traded higher after the firm said it had bypassed Vietnam for a $3.3B project and instead planned on launching in Poland. The chipmaker requested 15% "cash support" from the Vietnamese government. The firm also received positive press from analysts on Monday.
$Corning (GLW.US)$ was the highest advancing stock on the S&P 500, up about 9% after the firm raised its second-quarter sales guidance, with results expected on July 30.
$Boeing (BA.US)$ climbed about 2% after a court filing showed the firm had agreed to plead guilty to a charge of defrauding the federal government over the 2018 and 2019 crashes of a pair of 737 Max planes that killed more than 300 people and pay a fine of $243M.
In industries tracked by moomoo, drug manufacturers were climbing 0.6% overall, after shares surged 75% in early trading Monday after the biopharmaceutical company agreed to be acquired by drugmaker Eli Lilly for $3.2 billion in cash.
The acquisition news sent drug manufacturers higher, led by $Grifols (GRFS.US)$ climbing 20% on rumors that it was too facing exploratory buyout offers from Brookfield.
Crude oil futures sagged 0.54% Monday before an expected EIA Supply release this week. Bitcoin fell 0.73%, resting at $55k/coin. Silver and gold both fell in price Monday, while the U.S. 2-year fell back and the U.S. 10 years climbed.
As a general recap, the market was advancing to all-time highs on Monday, shortly after the opening.
Shortly after 10:45 am EST. $S&P 500 Index (.SPX.US)$ continued its five-session climb to a fresh all-time high Monday, up about 0.08%. The $Dow Jones Industrial Average (.DJI.US)$ was climbing 0.43%, and the $Nasdaq Composite Index (.IXIC.US)$ reached fresh highs as well, up just 0.01%%.
Overall 6200 equities advanced, while 4100 declined Monday morning.
In macroeconomics this week, investors can watch for CPI data on Thursday, expected at 3.1% and Core at 3.4%. PPI comes out Friday, expected at 0.2% core. Federal Reserve Chair Jerome Powell will testify on macroeconomic updates in front of the Joint Economic Committee on Tuesday and Wednesday.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
Disclaimer: This content is for informational use only and is not a recommendation or endorsement of any particular investment or strategy. Indexes are unmanaged and cannot be directly invested into. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances, before making any investment decisions. Past performance does not indicate or guarantee future success. Moomoo makes no representation or warranty as to its adequacy, or timeliness for any particular purpose of the above content. The data and information provided has been obtained from sources considered to be reliable, but moomoo does not guarantee that the foregoing material is accurate or complete. See the link in the Moovers Community post for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
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
7133Followers
641Following
19KVisitors
Follow
54088 FROM RWS : 2
54088 FROM RWS : 3
101775147 AL alfijai : ok understand