Market Commentary - July 2024

Written By Garth Porterfield

  • Market strength began to broaden in July, with the S&P 500 and the Dow Jones Industrial Average rising 1.22% and 4.51% respectively, while the Nasdaq declined -0.73%.

  • The Federal Open Market Committee (FOMC) held rates steady but signaled rate cuts in September.

  • Earnings season brings additional volatility, and all eyes are on the results of Magnificent Seven technology companies.

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Garth Porterfield
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Market Update - August 5, 2024
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Market Commentary - June 2024