#TechStocks #MarketUpdate2024 #NasdaqRecord
Stock Market Update: Tech Stocks Lead the Way in Q2 2024
As I reflect on the stock market's performance in the first half of 2024, I'm excited to share that technology stocks have been the driving force behind the market's gains. The Nasdaq Composite, heavily weighted with tech stocks, has reached a new record high, while the $S&P 500 and $Dow Jones Industrial Average have also seen significant increases.
As we enter the second half of the year, investors are cautiously optimistic about the market's continued performance. However, concerns about potential volatility ahead are growing, despite the ongoing outperformance of large tech companies. Kevin Gordon, a senior investment strategist at Charles Schwab, emphasizes the importance of monitoring the majority of $S&P and $Nasdaq stocks staying above their 200-day moving average for a robust market environment amidst economic uncertainties and evolving Federal Reserve policies.
Federal Reserve Chair Jerome Powell is scheduled to participate in a panel discussion at the European Central Bank Forum, alongside President Christine Lagarde and Roberto Campos Neto, the President of Brazil's central bank. Powell's appearance comes amid anticipation surrounding the May job openings and labor turnover report, which is expected to reveal a slight decrease in job openings compared to the previous month.
Trading will conclude early on Wednesday and markets will be closed on Thursday for the Fourth of July holiday. Friday will bring the release of the June jobs report, offering further insights into the labor market's performance.
Original Article: https://www.cnbc.com/2024/07/01/stock-market-today-live-updates.html
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