Stocks pulled back from record highs amid pressure across the technology sector after a global tech outage sent shockwaves throughout the market on Friday.) dropped more than 3.5% on the week. Both indexes had their worst weekly performance since April. Meanwhile, the Dow Jones Industrial Average index.
Federal Reserve Chair Jerome Powell testifies during the House Financial Services Committee hearing titled"Federal Reserve's Semi-Annual Monetary Policy Report" in Rayburn building on Wednesday, July 10, 2024. One key question on investors' minds is whether the economy can remain resilient with rates still at their most restrictive levels in more than two decades.
How Big Tech companies perform will likely determine the trajectory of earnings growth for the broader S&P 500. Four companies — Alphabet, Nvidia — are expected to grow earnings by 56.4% compared to the same period a year prior, according to FactSet senior earnings analyst John Butters. The other 496 are expected to grow earnings by just 5.7%.
Mark Spitznagel told The Wall Street Journal the government's $34 trillion debt would make the stock-market bubble's impact more extreme.This top dividend stock is going through a rough patch, but don't let that count out all the growth we've seen over the last decades. The post 1 Stock I’m Buying Hand Over Fist in July Despite the Market’s Pessimism appeared first on The Motley Fool Canada.
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