Tech Sinks Ahead of Big Earnings

Written By Timmy Adami

July 30, 2024

MRKT Matrix - Tuesday, July 30th

  • S&P 500 and Nasdaq fall as tech shares struggle ahead of megacap earnings (CNBC)

  • JetBlue shares surge after surprise profit, $3 billion aircraft spending deferral (CNBC)

  • Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides (CNBC)

  • Merck shares fall 9% despite earnings beat, strong demand for top drugs like Keytruda (CNBC)

  • Great Stock Rotation Hinges on Powell Signaling Rate Cuts Soon (Bloomberg)

  • Solomon Sees Up to Two Fed Cuts in 2024, Reversing Hold Stance (CNBC)

Timmy Adami
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