Nasdaq leads stock gains in first day of Q3, July trading

US equity markets (^DJI, ^IXIC, ^GSPC) caught some wind in their sails and closer higher together on the first trading day of the third quarter and the second half of 2024. The Nasdaq Composite paved the way for the group, rising by over 140 points — or about 0.8% — in the session.

Market Domination Overtime's Seana Smith recaps the day's market performances while Jared Blikre details the sector action and movements seen from Nasdaq 100 (^NDX) tech stocks.

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.

Video transcript

And that's the closing bell on a Wall Street.

And now it's market domination.

Over time, we're joined by Jared Bry to get you up to speed on the action from today's trade.

Let's first, though, check out where we are closing the day.

You've got the NASDAQ up just about 8/10 of a percent.

That really was the driver here in today's action.

A lot of that out performance here in the market being driven by a lot of those larger cap tech names.

You have the Dow closing up just about 50 points here, and you've got the S and P getting closer and closer at 5500, level up just about 3/10 of a percent.

Now.

Head over to Jared for a closer look at some of today's sector action.

Jared.

Yes, I didn't see any record highs in any individual sectors, but I did see them in the NASDAQ composite and a couple of individual issues.

But first, let's take care of those sectors Xlk and XL Y.

That's those other two out performers that would be tech and consumer discretionary.

So, really, those are mega cap featured sectors and then also financials and energies in the green.

But everything else in the red led down by materials down 1.5% and industrials down just a little over 1% and taking a look inside the NASDAQ.

That's where we're seeing some of these records.

I believe Microsoft and also Apple.

Apple hasn't had a record high in a couple of weeks.

Both of those up more than 2%.

You can throw Amazon in there as being up more than 2% and also also seeing some action from Tesla that finally pushing above $200 per share, almost closing at $210 per share.

So that's been one of those breakout moves that I've been looking for personally.

And then looking at our leaders today, Bitcoin was actually the big leader.

G BT C up 5% as a Bitcoin proxy.

Also, seeing New York Fang and our components in the green arc is that disruption place.

We'll take a look at that in a second.

To the downside, home builders and, uh, solar each of those down more than 2.5 at least those representative ETF S. And now here's a look at the Arc Innovation Holdings.

I said it was a leader.

A lot of that has to do with Tesla because that is the lion chair right there but also seeing some strength in Coinbase and Roku.