Traders The floor is the most important part of any building. New York Stock Exchange On, July 25. 2023. New York City. 

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What What you should know today

S&P’s Recordings No. 37
The S&P 500 Close above 5,600 for the first time You can get ahead by contacting us. Thursday’s inflation dataThis would be a good indicator of an interest rate reduction. The Index rose for a seventh day in a row, recording its 37th record closing this year. The Nasdaq Composite The number of people using the Internet has also reached an all-time low. The Dow Jones Industrial Average Add 258 Points Chip Stocks have been among the top performers, with Advanced Micro Devices rising almost 4% after agreeing to buy Silo AI. Industry Leading a new generation of leaders Nvidia Jumped and Apple clocked its seventh consecutive record high. The Yield on the 10-year Treasury Slippage U.S. oil prices Rose is a OPEC forecast strong demand. You Read more on what to expect from the inflation report here.

Archegos Hwang
Archegos Capital Management The following are some of the most common questions asked by those who seek to understand how to pronounce their name. Bill Hwang was convicted of fraud and other charges a Manhattan jury. Prosecutors Hwang And his deputy Patrick HalliganFrauding banks in order to get billions of dollar that was used to inflate the stock price. Archegos collapsed in 2021. Both pleaded not guilty to multiple charges. They Each conviction can result in a maximum of 20 years imprisonment.

Google ‘ditches deal’
HubSpot‘s shares plummeted 12% Following a Bloomberg Report stating Alphabet Will not acquire software company The The news comes amid an increased regulatory scrutiny on large tech acquisitions including those by Amazon You can also find out more about the following: Microsoft. The HubSpot is a marketing automation software company that specializes in small and medium businesses. The acquisition would have strengthened HubSpot. Google’s Diversified revenue streams from business software Alphabet’s portfolio.

Samsung Smart Ring
Samsung unveiled the Galaxy RingIts first smart band, which aims to expand its health tracking ecosystem and rival Apple’s Advancements in the segment The The device makers are exploring new revenue streams as smartphone sales slow down. Samsung Betting on the future Galaxy Ring’s The new health tracker offers a variety of features, including tracking your health. AI-enhanced foldable smartphonesTo boost its market share,.

Tesla Image stock
Bill Gross., co-founder of PimcoBelieves Elon Musk’s Tesla Is behaving as a speculative play among retail investors. “Tesla acting like a meme stock — sagging fundamentals, straight up price action,” The former Chief Investment Officer and Co-Founder of Pimco In a recent post on X, I said Tuesday afternoon. “But then there seems to be a new meme stock every other day now. Most are pump and dump.” Tesla has risen for 11 days straight and is up 44% since June 24. 

[PRO] Doubling Revenue Growth
Needham Analyst Laura Martin She raised her price goal for Apple To $260, implying a 13.7% increase from recent levels. While Apple The stock market has outperformed other asset classes S&P 500 This year, they saw smaller gains than tech-focused Nasdaq Composite. Martin You can also find out more about Apple can double its revenue growth — this is how

The Bottom line

The S&P 500 notched its 37th record high. That It may sound impressive, yet the market is gaining ground on the back of a few megacaps. However, there is another market that is in the midst of a broad-based bull run — clocking up record highs in 17 out of 27 sessions in June.

India’s benchmark NSE Nifty 50 It is up by almost 12% in this year. Not To be outdone India’s S&P BSE Sensex The price of oil has increased by nearly 11% this year.

India is completely a unique case On its own,” Ruchir SharmaChairman of Rockefeller InternationalCNBC quoted. “It’s the most expensive market in the world today. It’s the one country that’s having a true bull market, even compared to the U.S. The breadth of the Indian bull market is what you typically see in bull markets—everything is rising there, from the mid to small caps, they’re doing better than the large caps.”

The Indian election appears to be nothing more than a blip on the radar — continuity under Prime Minister Narendra Modi The prospect of economic growth has boosted the market. Although, Modi’s recent visit to Moscow There are many concerns raised about Western As they try to shore up capitals alliance against Russian President Vladimir Putin

“I would not say geopolitics is a major risk for investors in emerging markets,” Sharma said. “In fact, if anything, I think we will look back in history at the time the U.S. has imposed sanctions on Russia in an unprecedented way by weaponizing the dollar, that has set in motion where countries are trying to find their own alliances and trying to reduce their dependence on the U.S. dollar.”

“That’s Why is the price so high? gold Gold is a good investment, as central banks all over the world are buying it in record numbers. I think emerging markets outside the India “They are very cheap.”

Back On, Wall Street, the S&P climbed above 5,600 for the first time — with Nvidia, Apple You can also find out more about the following: Tesla Mega-caps continue to rise inexorably. It’s Many investors are wondering if there will be a recovery in other stocks. 

“Is mean reversion “Is it dormant, or dead?” Sharma asked. “If mean reversion is dead, this is going to be a pretty boring market where the same few stocks keep piling on, keep doing well in a way that has never happened before.”

CNBC’s Jeff Cox, Brian Evans, Samantha Subin, Yun Li, Arjun Kharpal, Alex Harring, Spencer Kimball You can also find out more about the following: Jesse Pound Contributed to this report

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