Stock Indexes Push Higher as Megacap Tech Stocks Rally

Price ActionGeopolitics
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Summary · why it matters

The S&P 500 is up 0.73%, the Dow Jones Industrial Average is up 0.64%, and the Nasdaq 100 is up 1.08%, led by strength in the Magnificent Seven technology stocks. Amazon.com is up more than 4% to lead gainers in the Dow, while Tesla is up more than 4%, and Alphabet and Meta Platforms are up more than 3%. Support also came after the US and Iran agreed to stop attacking each other before peace talks resume in Doha on Tuesday, easing tensions over the Strait of Hormuz. WTI crude oil is up more than 1% but off its highs following the de-escalation. The markets are discounting a 29% chance of a 25 basis point rate hike at the next FOMC meeting on July 28-29.

Impact on stocks 39

Cloud & Digital Infrastructure · 10 stocks
Semiconductors · 4 stocks
Biotech & Genomic Medicine · 2 stocks
Electrification & Mobility · 2 stocks
Spatial Computing / AR/VR · 2 stocks
Communication Services · 1 stocks
Energy Transition & Power Demand · 1 stocks
Space Economy · 1 stocks
Materials · 1 stocks
Cybersecurity & Digital Trust · 1 stocks
Financials · 1 stocks
Defense & Geopolitical Fragmentation · 1 stocks