Citi Sees S&P Companies Beating Q2 EPS Estimates on Productivity Gains in the Labor Market

Seeking Alpha14:34 ET

Goldman Sachs Is Shifting to Neutral, but Remains Mildly Pro-risk for the Next 12 Months

Seeking AlphaJul 22 09:03 ET

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.

wallstreetcnJul 19 21:32 ET

Markets Look Overvalued and Stretched – Morningstar Research's David Sekera

Seeking AlphaJul 19 10:07 ET

S&P 500 Year-end Price Target Raised to 5,900 at UBS on AI Strength, Profit Growth

Seeking AlphaJul 19 08:26 ET

Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.

Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.

Zhitong FinanceJul 19 01:22 ET