Stock Market Overview
Wed, Jul 3rd, 2024
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Stocks Post Moderate Gains as Powell Says Inflation is Receding
Barchart - Tue Jul 2, 3:31PM CDT
The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.62%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.01%.
Stock indexes Tuesday finished moderately higher. Stocks found support Tuesday from lower bond yields after Fed Chair Powell said prices now show signs of resuming their disinflation trend and the Fed can "take its time" with interest rate cuts with a strong economy and a job market. Also, a +10% surge in Tesla on Tuesday and a rally in chip stocks lifted the broader market.
Stocks had some negative carryover Tuesday from weakness in European stocks. European stocks fell Tuesday on hawkish comments from ECB President Lagarde, who said Monday night that the ECB doesn’t yet have sufficient evidence that inflation threats have passed, bolstering expectations that the ECB will delay further interest rate cuts. European stocks also retreated as political uncertainty in France remains high ahead o... Read more
Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
AP - 1 hour ago
Asian shares are trading mostly higher after Tesla zoomed upward, helping drive the U.S. stock market to more records
Cash-based Japan issues first new bills in two decades, designed against counterfeiting
AP - Wed Jul 3, 12:34AM CDT
Japan has issued its first new banknotes in two decades, yen packed with 3-D hologram technology to fight counterfeiting
Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
AP - Tue Jul 2, 10:45PM CDT
Asian shares are trading mostly higher after Tesla zoomed higher and helped drive the U.S. stock market to more records
Italian landowner is arrested after an Indian worker bled to death in accident with farm equipment
AP - Tue Jul 2, 8:00PM CDT
Police have arrested an Italian farm owner after one of his workers, an undocumented laborer from India, bled to death after his arm was cut off by farm equipment
Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected
AP - Tue Jul 2, 7:05PM CDT
Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall...
Small businesses could find filing for bankruptcy more difficult as government program expires
AP - Tue Jul 2, 7:03PM CDT
A type of bankruptcy protection filing that made it easier for small businesses to seek relief has expired, which will complicate filing for small businesses with more than $3 million in debt
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