Stock Market’s Summer Slide Continues

Written By Timmy Adami

July 25, 2024

MRKT Matrix - Thursday, July 25th

  • Dow falls from highs, Nasdaq loses earlier gains as investors sell some big tech names (CNBC)

  • ServiceNow raises annual subscription revenue forecast on robust demand; COO resigning after government contract complaint (CNBC)

  • Edwards Lifesciences Stock Plunges 28% After Earnings. What Wall Street Thinks. (Barron’s)

  • Ford shares, on pace for worst day since 2009, lead autos rout after company’s disappointing earnings (CNBC)

  • Southwest Airlines Is Ditching Open Seating on Flights (WSJ)

  • American Airlines Slashes Earnings Outlook, Reverses Booking Misfire; Stock Rises (WSJ)

  • Viking Therapeutics stock jumps 30% after drugmaker moves weight loss injection to late-stage trial (CNBC)

  • OpenAI Tests New AI Search Features in Direct Challenge to Google (Bloomberg)

  • Economic Growth Quickens, Rising at 2.8% Rate in Second Quarter (WSJ)

  • Markets Tear Up Popular Trades That Reached ‘Stupid Levels’ (Bloomberg)

Timmy Adami
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