Wall Street on Record High Watch

August 26, 2024

MRKT Matrix - Monday, August 26th

• Dow touches new record then struggles, S&P pulled down by tech (CNBC)

• Goldman’s Rubner Sees S&P 500 New High This Week, Spurring FOMO (Bloomberg)

• Fed’s Preferred Price Gauge Is Set to Reinforce Rate Cuts (Bloomberg)

• Nvidia Stock Price Levels to Watch as Earnings Report Looms (Investopedia)

• Apple’s iPhone 16 launch event is set for September (The Verge)

• Apple Explores Robotics in Search of Life Beyond the iPhone (Bloomberg)

• What Is Alphabet Worth Without Google Search? This Analyst Has an Estimate. (Barron’s)

• Lululemon ‘Dupes’ Are Just as Cool With the TikTok Crowd (WSJ)

• The valuation opportunity (Axios)

• The Plug-In Hybrid Car Starts to Win Over Buyers (WSJ)

• SpaceX’s Risky Next Mission: The First Private Spacewalk (WSJ)

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