S&P 500 Rebounds Into Record Territory

Written By Timmy Adami

July 12, 2024

MRKT Matrix - Friday, July 12th

  • Dow jumps to record as investors see bull market broadening beyond tech (CNBC)

  • Citi, Wells and JPMorgan Fall After Results (WSJ)

  • These stocks reporting next week have earnings momentum (CNBC)

  • UBS downgrades Tesla to sell rating, warns that AI fervor could wane (CNBC)

  • AI's problem: The missing revenues (Axios)

  • Traders Start to Bet on a Supersized Fed Rate Cut in September (Bloomberg)

  • BofA Sees Traders Flocking to Risky Stocks as Fed Interest-Rate Cut Bets Build (Bloomberg)

  • US Consumer Sentiment Falls to Eight-Month Low on High Price (Bloomberg)

Timmy Adami
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