91download.com supports a wide range of platforms, including YouTube, Facebook, Twitter, TikTok, Instagram, Dailymotion, Reddit, Bilibili, Douyin, Xiaohongshu and Zhihu, etc. Click the download button below to parse and download the current video
The stock market took an unpredictable turn on Monday, finishing with a mix of gains and losses as investors braced themselves for a pivotal week ahead. The Dow experienced a 1% decline, while the S&P 500 and NASDAQ eked out minor gains. What's driving this choppy trading? The answer lies in the eagerly awaited decisions of the Federal Reserve and the earnings reports from several mega-cap technology companies.
Kevin Man, the Chief Investment Officer at Henyan and Walsh Asset Management, is closely monitoring the Federal Reserve's actions following their two-day meeting. "This is a really big week for the markets and for the psyche of investors," he noted. The meeting, scheduled for July 30th and 31st, is expected to provide more insight into when the long-awaited first rate cut might occur. While a July cut wouldn't come as a complete surprise, most market experts anticipate it to happen in September, adding an element of volatility to the week's trading.
The earnings reports from tech titans like Apple, Amazon, Microsoft, and Meta Platforms will be crucial indicators of whether the technology sector is vulnerable or poised to continue its recent rallies. These companies' results will not only impact their stock prices but also set the tone for the broader market sentiment.
Monday's trading session saw some significant movements. Tesla, the electric carmaker, received a boost after Morgan Stanley added its shares to its top pick US Autos list. This move sent the stock surging, reflecting investor confidence in the company's future. On the other hand, McDonald's reported a nearly 4% increase in its share price. The fast-food giant's $5 meal deal, launched in late June, proved popular among customers looking to avoid higher-priced items. However, this strategy backfired, resulting in a surprise drop in sales – the first in 13 quarters.
As we approach the midweek mark, one cannot help but wonder: What will the Federal Reserve will decide? Will they opt for a rate cut in July, or will they stick to their plan of a single rate cut later this year? The answer to this question will undoubtedly shape the market's trajectory for the remainder of the week.
As we navigate through this week of uncertainty, investors and market watchers alike are keeping a close eye on the Federal Reserve and the tech earnings reports. The outcomes of these events will not only determine the immediate direction of the market but also provide valuable insights into the future of the economy. Will the markets continue their volatile dance, or will they find stability? Only time will tell. Stay tuned.
Share on Twitter Share on Facebook