XLI

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

Wall Street Enjoys Late-Week Rally On Benign Inflation Data, Dow Jones Eyes Best Session Of 2024, Tech Unwinding Stalls: What's Driving Markets Friday?

The Dow Jones Industrial Average surged 1.9% on Friday. In June, inflation dropped to 2.5% year-on-year, below the Fed's 2% target. The tech-heavy Nasdaq 100 rebounded from a negative weekly close. Homebuilders rose over 3% for the day, reaching all-time highs.

Howmet Aerospace’s Q2 2024 Earnings: What to Expect

Howmet Aerospace Inc. (HWM) is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, Jul. 30. The company offers engines, fasteners, and structures for the aerospace and transportation industries. HWM stock has significantly outperformed the S&P 500’s 19.2% gains over the past 52 weeks.

Wells Fargo upgrades Industrials and Banks as the broader markets struggle

Wells Fargo upgrades Industrials and Banks as the broader markets struggle. The bank says it has made a strategic adjustment to its portfolio to align with current market conditions. Wells Fargo says it upgraded both the industrials sector and banking sector. The two sectors have seen recent price action in recent months.

Expeditors International's Q2 2024 Earnings: What to Expect

Expeditors International of Washington, Inc. (EXPD) is a leading third-party logistics provider specializing in international air and ocean freight forwarding and consolidation. The company plans to release its Q2 earnings for fiscal 2024 before the market opens on Tuesday, Aug. 6. Analysts expect Expeditors International to report a profit of $1.24 per share. The stock has rallied marginally over the past 52 weeks.

What You Need to Know Ahead of Builders FirstSource’s Earnings Release

Builders FirstSource, Inc. (BLDR) is a leading player in the building materials and construction services sector. The company is slated to announce its fiscal Q2 earnings results before the market opens on Tuesday, Aug. 6. The Irving, Texas-based company delivers a wide array of products and solutions for professional homebuilders and remodelers. Shares of BLDR slipped 19.1% on May 7.

Thursday Sector Leaders: Industrial, Materials

Stocks Rebound As US Economy Flexes Muscles, Small Caps Rally, Gold Falls: What's Driving Markets Thursday?

All eleven sectors of the S&P 500 posted gains on Thursday. The U.S. Economy posted 2.8% real growth in the second quarter. The Dow Jones Industrial Average rose 1.3% and the Nasdaq 100 was up 0.9%. Treasury yields fell significantly, and gold fell 1.6%.