Time: 2024-07-19
The stock market experienced a mixed day with major indices like the S&P 500 , Nasdaq Composite , Dow Jones Industrial Average , and Russell 2000 all closing near their lowest levels of the session . Decliners outnumbered advancers by a significant margin at both the NYSE and the Nasdaq . In the mega cap and semiconductor spaces , there was mixed action , leading to varied performance across different stocks . The Vanguard Mega Cap Growth ETF and the PHLX Semiconductor Index both saw fluctuations throughout the day , ending with differing results.
Influential companies like Apple , Microsoft , Amazon , and Domino 's Pizza recorded losses , with Domino 's Pizza experiencing the steepest decline among S&P 500 components . However , D.R. Horton and other homebuilder stocks provided some support in the consumer discretionary sector . The energy sector was the only one to finish in positive territory by the end of the day , while health care and financial sectors experienced declines . The bond market saw some movement with the 10 - yr note yield settling higher , and the 2 - yr note yield also increasing slightly.
Netflix stock dipped after surpassing revenue and user growth expectations in its Q2 earnings report . Broadcom is in talks with OpenAI to develop a new AI server chip , while Plug Power announced a public offering to strengthen its financial position . SoFi Technologies saw a decline after the U.S. government announced student loan forgiveness , affecting other providers as well . Intuitive Surgical reported strong Q2 earnings , while Eli Lilly and Novo Nordisk faced declines . SunPower faced challenges with operational pauses and investor concerns . Amazon reported record sales during Prime Day , and Align Technology plans to launch a new sales initiative with Costco.
The latest economic data showed some softening in the labor market , which could impact the market 's expectations regarding potential Fed rate cuts . While there are no major US economic reports scheduled for the next day , investors will continue to monitor company earnings and market trends for further insights . Overall , the stock market remains volatile with various factors influencing investor sentiment and trading activities.
Business
