Stocks Hit Records Ahead of June Jobs Number

Written By Timmy Adami

July 3, 2024

MRKT Matrix - Tuesday, July 3rd

  • S&P 500 inches higher as investors shake off weak data in shortened session (CNBC)

  • 10-year Treasury yield tumbles after weak economic data (CNBC)

  • Trump’s tariff plans could lead to five extra Fed rate hikes, Goldman Sachs chief economist says (MarketWatch)

  • Fourth of July barbecue staples feel sting of inflation (Axios)

  • Gas prices rise as Americans hit the road for holiday weekend, with more increases expected (Yahoo Finance)

  • Analyst Dan Ives raises Tesla price target to $300, sees $400 possible in 2025 (CNBC)

  • Ford sales edge 1% higher in the second quarter, led by trucks (CNBC)

  • Bezos to Sell $5 Billion of Amazon as Shares Hit Record High (Bloomberg)

  • Apple to join OpenAI’s board in observer role (FT)

  • AI pushes Google emissions upward (Axios)

  • The Underground Network Sneaking Nvidia Chips Into China (WSJ)

  • JPMorgan’s Kolanovic to Exit Amid String of Poor Stock Calls (Bloomberg)

Timmy Adami
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