Market summary 1st August
Market Summary 1st August 2023
Today’s trading had a summery calm as markets lacked major new releases. The Nasdaq 100 and S&P 500 both closed down by around 0.25%, with little change since the opening bell. Small caps experienced a rollercoaster, initially wiping out all gains from yesterday but finishing the day down by 0.46%. Although major indexes closed in the red, both the Nasdaq and NYSE composites saw continued net highs.
In post-market news, $Advanced Micro Devices(AMD.US$ reported slightly higher trading. A recurring theme among reporting stocks is the increased investment in AI.
I’m keeping a close eye on $C3.ai(AI.US$ , $Palantir(PLTR.US$ , $Rivian Automotive(RIVN.US$ , $CAVA Group(CAVA.US$ .
$Allegro Microsystems(ALGM.US$ ‘s post-earnings movement was disappointing, leading me to cut my loss at my designated stop loss. $Rambus(RMBS.US$ and $Monolithic Power Systems(MPWR.US$ had a dissapointing movement as well
Today’s trading had a summery calm as markets lacked major new releases. The Nasdaq 100 and S&P 500 both closed down by around 0.25%, with little change since the opening bell. Small caps experienced a rollercoaster, initially wiping out all gains from yesterday but finishing the day down by 0.46%. Although major indexes closed in the red, both the Nasdaq and NYSE composites saw continued net highs.
In post-market news, $Advanced Micro Devices(AMD.US$ reported slightly higher trading. A recurring theme among reporting stocks is the increased investment in AI.
I’m keeping a close eye on $C3.ai(AI.US$ , $Palantir(PLTR.US$ , $Rivian Automotive(RIVN.US$ , $CAVA Group(CAVA.US$ .
$Allegro Microsystems(ALGM.US$ ‘s post-earnings movement was disappointing, leading me to cut my loss at my designated stop loss. $Rambus(RMBS.US$ and $Monolithic Power Systems(MPWR.US$ had a dissapointing movement as well
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