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

Amazon's Northern Virginia Dream Fades On Hiring Slowdown, Company Commits To 2038 Deadline (CORRECTED)

Amazon.Com Inc (NASDAQ:AMZN) has encountered delays in expanding its workforce at its Northern Virginia headquarters. Despite a commitment to adding 25,000 new jobs by 2038, Amazon’s workforce in Arlington experienced a reduction last year. The company continues to pursue its HQ2 project as a long-term investment.

PCE June 2024: Consistent With Soft Landing

Real PCE for June 2024 increased by +0.22%, slightly above the median forecast. Personal spending accelerated in June, but remains below average on a 3-month basis. Prospects for a soft landing are reasonably good, based on inflation and consumer spending data. The Fed can afford to remain patient on rate cuts.

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.

What You Need to Know Ahead of Caesars Entertainment's Earnings Release

Caesars Entertainment, Inc. (CZR) is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Tuesday, Jul. 30. The leading casino entertainment company is a gaming and hospitality company. CZR stock has significantly underperformed the S&P 500’s 18.2% gains over the past 52 weeks.

What to Expect From Ralph Lauren's Next Quarterly Earnings Report

Ralph Lauren Corporation (RL) is scheduled to announce its fiscal Q1 earnings results before the market opens on Wednesday, Aug. 7. The company is renowned for its iconic brand and sophisticated style. RL stock is up 11.8% on a YTD basis. RL reported Q4 earnings on May 23.

Musk To Discuss Investing $5B in xAI After Seeing Poll Results

Elon Musk plans to talk with the board of Tesla, Inc. About possibly investing $5 billion in his artificial intelligence startup xAI. Musk gave his 191 million X followers a chance to weigh in on the possible investment on Tuesday. About 67.9% of X followers approved the idea.

Barclays creates growth-quality basket for targeted approach to small-cap stocks