Earnings estimates for the S&P 500 holding up better than normal is one of the key reasons Wall Street strategists are optimistic about the path for stocks in the second half of 2024.
The Dow Jones Industrial Average (^DJI) was dragged lower in Tuesday's session, falling by 216 points and below 39,000. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) hold onto gains, the latter more notably rising above 17,000 for the first time ever. Nvidia (NVDA) shares hit their own all-time high intraday. Market Domination Overtime's Julie Hyman recaps the day's stock market index performances, while Jared Blikre breaks down the biggest winners and losers across sectors. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Nasdaq topped 17, 000 for the first time ever on Tuesday, thanks to the AI craze. We expect tech ETF areas to likely to remain strong no matter what happens in the broader economy and regardless of the Fed's imminent decision regarding interest rate policy.