S&P 500 ends wild week nearly 1% lower as tech keeps bleeding, eyes turn to Fed

JPMorgan Unveils In-House Chatbot To Enhance Research Capabilities: Report

JPMorgan Chase & Co. Has reportedly started deploying its AI tool. The bank has provided its employees with access to a large language model named LLM Suite. Executives say the tool can perform tasks of a research analyst. About 50,000 employees now have access to the tool.

The Top Three Sectors Benefitting from Tech’s Decline

Sector rankings to consider with a market rotation underway

Financials Tech Energy Consumer Sector rankings to consider with a market rotation underway. A stock market rotation has been seen in recent weeks. Seeking Alpha polled 1,000 subscribers on the strongest and weakest sectors of the market in July. The graphic below reflects the dominant responses for each sector.

Surprise Q2 GDP Growth, Inflation Eases — 'Economy Is Much Stronger Than People Realize': 7 ETFs On The Move

U.S. Gross domestic product grew 2.8% in the second quarter, surpassing the 2% estimate. Inflation pressures eased to 2.6%. U.S equity futures turned positive following the GDP report, reflecting a resurgence in risk sentiment. In the secondquarter, the U.s. Saw a robust real growth of 2.7%.

What to Expect From PayPal’s Next Quarterly Earnings Report

PayPal Holdings, Inc. (PYPL) is expected to announce its Q2 earnings before the market opens on Tuesday, July 30. The fintech company enables digital payments on behalf of merchants and consumers. PayPal stock is down 5% on a YTD basis. Analysts expect PayPal to report a profit of $0.96 per share.

KCE: A Capital Markets Boom Possible In 2025, IPOs Tick Up

GDP Q2 Preview: 5 ETFs To Monitor Thursday As Economic Data Unfolds

U.S. Economy is expected to grow by 2% in the second quarter of 2024. The advance estimates for second quarter’s gross domestic product will be released on Thursday. The Atlanta Fed has raised its second-quarter real GDP growth forecast to 2.7%. The first-quarter GDP grew at 1.4% in 2024.

US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?

The S&P 500 index is heading toward its worst close in over a year. The tech-focused Nasdaq 100 is eyeing its fifth decline in the last six sessions. The Magnificent Seven group of tech companies wiped out over $570 billion in their combined market valuation. Tesla shares plummeted over 11% after missing earnings expectations.

Albemarle is out of Wells Fargo’s Signature Picks

Albemarle is out of Wells Fargo’s Signature Picks. The portfolio has a year-to-date performance of 19.5%, outperforming the S&P 500. The company generated a -63% total return in the portfolio since February 2023.

Tuesday Sector Leaders: Financial, Industrial

Small-Cap Gains Resume Ahead Of Major Tech Earnings; UPS Faces Worst Day Ever, Bitcoin Dips Below $66,000: What's Driving Markets Tuesday?

Small-cap stocks outperformed large caps on Tuesday. The Russell 2000 index climbed 0.8%, while the tech-heavy Nasdaq 100 dipped 0.2%. United Parcel Service Inc. (UPS) plunged 14% after missing earnings and revenue estimates. Key earnings reports from Alphabet and Tesla set to be released after the close.

Visa Warns Cybercrime Could Rival World's Top Economies by 2025 - Reportedly Defends Against $40B In Fraud

Visa Inc. Thwarted 80 million fraudulent transactions totaling $40 billion globally last year. By 2025, cybercrime’s projected $10.5 trillion cost would surpass the GDP of all but two nations. This trend reflects the increasing sophistication of scams and scams.

American International Group’s Q2 2024 Earnings: What to Expect

American International Group, Inc. Is expected to announce its fiscal Q2 earnings results after the market closes on Wednesday, Jul. 31. The company has surpassed Wall Street's bottom-line estimates in each of the last four quarterly reports. Analysts expect the insurance company to report a profit of $1.39 per share.

Assurant's Quarterly Earnings Preview: What You Need to Know

Assurant, Inc. Is expected to announce its fiscal Q2 earnings results after the market closes on Tuesday, Aug. 6. The company is a leading provider of insurance services for housing and lifestyle markets. Assurant stock soared 32% over the past 52 weeks. Analysts expect AIZ to report a profit of $3.86 per share.

Earnings Preview: What to Expect From Prudential Financial's Report

Prudential Financial, Inc. (PRU) is expected to report its fiscal Q2 earnings results after the market closes on Thursday, Aug. 1. The New Jersey-based company operates in the financial services sector. Shares of PRU have gained 31.5% over the past 52 weeks. Analysts expect PRU to report a profit of $3.43 per share.

Aflac Earnings Preview: What to Expect

Aflac Incorporated (AFL) is expected to unveil its fiscal Q2 earnings results after the market closes on Wednesday, Jul. 31. The company operates in the supplemental health and life insurance sector. Over the past 52 weeks, AFL surged 30.7%, outperforming the broader S&P 500.

XLF ETF: Financials Stocks are Gaining Momentum and Still Look Cheap 

The S&P 500 typically outperforms in July, underperforms August-October - RBC Capital Markets

The S&P 500 typically outperforms in July, underperforms August-October - RBC Capital Markets. July is typically a strong month for the S&p 500, with a five-year average of 4.26% gains. The concentration of the mega-caps has stalled in the last month. The growth-oriented sectors are starting to stall in mid-July.

SPY bags $9.88B inflows despite worst weekly performance in three months

SPY bags $9.88B inflows despite worst weekly performance in three months. The 11 S&P 500 sectors recorded a net inflow of $2.67B last week. Industrial Select Sector SPDR Fund (XLI) recorded the highest inflow.