Business
Stock market news for July 19, 2024
Traders work on the floor of the New York Stock Exchange on June 24, 2024.
Brendan McDermid | Reuters
Stocks fell Friday as Wall Street wrapped up a week defined by a rotation from this year's mega-cap winners into smaller names.
THE S&P 500 fell 0.71%, closing at 5,505.00. Nasdaq Composite Index slipped 0.81% to close at 17,726.94. Dow Jones Industrial Average fell 377.49 points, or 0.93%, to 40,287.53.
Friday's moves marked another day of declines across the board, with Russell 2000 Down 0.63%, the move toward stocks seen as the biggest beneficiaries of the Federal Reserve's interest rate cuts, such as small caps, still appears to be the theme of the week.
The S&P 500 and Nasdaq fell 1.97% and 3.65%, respectively, marking their biggest weekly losses since April. The tech-heavy Nasdaq also snapped a six-week winning streak. In contrast, the Dow Jones Industrial Average rose 0.72%, while the small-cap Russell 2000 climbed 1.68%.
“The stock market is in a long-overdue rotation,” said Glen Smith, chief investment officer at GDS Wealth Management. “Investors are pulling money out of the big tech stocks that have performed so well and moving that money into other areas of the market.”
The divergence has encouraged some Wall Street insiders who have worried that the stock market rally is becoming too reliant on a handful of big tech stocks. At the same time, growing optimism about the Fed’s upcoming interest rate cuts has buoyed smaller, more cyclically oriented stocks.
The Nasdaq’s underperformance this week was driven by the move away from large-cap AI beneficiary stocks. Similarly, the information technology sector dragged down the broader S&P 500, down 5.1%.
“The headline is ‘these are down’ and some of the momentum stocks have been hit,” Chris Verrone, head of technical and macro research at Strategas, said on CNBC’s “Squawk Box.” But “the magnitude beneath the surface over the last couple of weeks has been absolutely spectacular.”
Crowd strike Shares of the New York Stock Exchange fell 11.1% after a major computer outage that impacted business around the world. Both the New York Stock Exchange and Nasdaq said trading appeared unaffected.
|
Sources 2/ https://www.cnbc.com/2024/07/18/stock-market-today-live-updates.html The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
 |
 |
 |
