What to Expect in the Week Ahead (Google and Tesla Earnings; GDP and PCE Data)
This week, investors should keep an eye on earnings reports from several key players, including Google and Tesla. Key economic data to watch for will include the release of the first estimate of second-quarter gross domestic product and the Federal Reserve's preferred inflation measure for June.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Marijuana Stock Movers For July 19, 2024
GAINERS:Green Growth Brands (OTC:GGBXF) shares closed up 9900.00% at $0.0001Rocky Mountain High (OTC:RMHB) shares closed up 33.33% at $0.02SOL Glb Inv (OTC:SOLCF) shares closed up 19.57% at $0.05
How Is The Market Feeling About Enphase Energy?
Enphase Energy's (NYSE:ENPH) short percent of float has risen 5.56% since its last report. The company recently reported that it has 13.67 million shares sold short, which is 13.47% of all regular
Why Selective Insurance Group Shares Are Trading Lower By Around 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results.Selective Insurance reported quarterly losses of $1.10 per share which
Mizuho Downgrades SunPower to Underperform, Lowers Price Target to $0.5
Mizuho analyst Maheep Mandloi downgrades SunPower (NASDAQ:SPWR) from Neutral to Underperform and lowers the price target from $4 to $0.5.