Stocks Soar After Powell Presser

Written By Timmy Adami

July 31, 2024

MRKT Matrix - Wednesday, July 31st

  • S&P 500 rises as Powell says September rate cut could be on the table (CNBC)

  • Powell Says Fed Could Cut Rates ‘As Soon As’ September Meeting (Bloomberg)

  • July brought a great stock market rotation. Here’s why it is happening (CNBC)

  • Bank Stocks Rally to Two-Year High Amid Sentiment ‘U-Turn’ (Bloomberg)

  • Delta CEO says CrowdStrike-Microsoft outage cost the airline $500 million (CNBC)

  • U.S. crude oil jumps 4% after Hamas leader killed in Tehran (CNBC)

  • Exclusive: New US rule on foreign chip equipment exports to China to exempt some allies (Reuters)

Timmy Adami
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