Nasdaq Closes At Fresh Record

July 1, 2024

MRKT Matrix - Monday, July 1st

• Stocks rise to start the second half (CNBC)

• Why It Could Be a Cruel Summer for the Stock Market (Barron’s)

• Apollo’s chief economist calls the S&P 500 ‘vulnerable’ as it hovers just below all time high of 5,523—here’s what has him worried (Fortune)

• Boost returns in your 60/40 portfolio with ‘the magnificent others,’ AllianceBernstein says (CNBC)

• Goldman’s Kostin Says US Earnings Bar Is Set Highest Since 2021 (Bloomberg)

• Even a Slowly Cooling Labor Market Often Ends With a Recession (WSJ)

• NIO Inc. Provides June and Second Quarter 2024 Delivery Update (Nio)

• Tesla rises ahead of Q2 deliveries report (Reuters)

• Chewy Shares Whipsaw After Keith Gill Reveals $245 Million Stake (Bloomberg)

• Boeing Scoops Up Spirit AeroSystems, Its Troubled 737 Supplier (WSJ)

• Meta’s Ad-Free Facebook Plan Comes Under Fire in the EU. What Happens Next. (Barron’s)

• Tech Industry Wants to Lock Up Nuclear Power for AI (WSJ)

• 24-Hour Stock Trading Is Booming – and Wall Street Is Rattled (Bloomberg)

• Boston Celtics to Be Put Up for Sale After Winning NBA Title (Bloomberg)

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