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

Dow, S&P, Nasdaq climb with tech recovering, PCE inflation supporting rate-cut views

BofA’s Suttmeier: Rotation is the lifeblood of the bull market

BofA’s Suttmeier: Rotation is the lifeblood of the bull market. Only information technology and communication services are beating the S&P 500 in the first half of the year. Month-to-date returns for July showed positive absolute returns for all 11 sectors.

Zebra Technologies Earnings Preview: What to Expect

Zebra Technologies Corporation (ZBRA) is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, Jul. 30. The company provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry. ZBRA stock has outperformed the S&P 500’s 14% gains on a YTD basis.

Earnings Preview: What to Expect From Uber’s Report

Uber Technologies, Inc. (UBER) expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, Aug. 6. The ride-hailing company is expected to report a profit of $0.31 per share. UBER stock has outperformed the S&P 500’s 19.1% gains over the past 52 weeks.

Qorvo Earnings Preview: What to Expect

Qorvo, Inc. Provides core technologies and radio frequency solutions for mobile, infrastructure, aerospace, and defense applications. The company is expected to announce its Q1 earnings after the market closes on Tuesday, Jul. 30. QRVO stock is up 7.3% on a YTD basis.

Fed's Favorite Inflation Gauge Falls To 2.5%, Lowest Since February 2021, But Core Remains Sticky: 10 ETFs To Monitor Thursday

U.S. PCE price index falls to 2.5% year-on-year in June, as expected. The Bureau of Economic Analysis also reported lower-than-expected monthly increases in personal spending and personal income. The latest Fed's favorite inflation report showed mixed results for market participants.

QUALCOMM's Q3 2024 Earnings: What to Expect

QCOM stock is expected to release its Q3 earnings after the market closes on Wednesday, July 31. The semiconductor giant is up 21.3% on a YTD basis. Analysts expect QUALCOMM to report a profit of $1.72 per share. The company has consistently surpassed Wall Street's earnings projections in each of the past four quarters.