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US stocks extend rally, S&P 500 hits winning streak: Is it your cue to Invest?
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Boeing Pulls Dow Lower, S&P 500 Falls From Close to ATH Levels | Stonk Break

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Kevin Travers joined discussion · Aug 20 10:26
Good day, traders; happy Tuesday, August 20. The market opened green but slipped into the red after a eight-session bull run went soft. Investors are watching the Democrats produce their new platform for their presidential nominee and eagerly awaiting a macroeconomics talk with Jerome Powell on Friday.
My name is Kevin Travers, here are stocks moooving on Wall Street today.
$Lowe's Companies (LOW.US)$ It fell a bit on Tuesday after reporting lower Q2 sales, citing weaker consumer demand for big ticket items. They also blamed bad weather, according to MarketWatch.
$Eli Lilly and Co (LLY.US)$ climbed about 3% after a three-year medical trial studying Mounjaro found it significantly decreased the risk of progressing from pre-diabetes and obesity towards type 2. The risk dropped by 94%, according to the study.
AST SpaceMobile Inc $AST SpaceMobile (ASTS.US)$ shares pulled back Tuesday following a price surge after the company reported Q2 results and announced that it's on track to launch five satellites in early September. It was one of the most popular stocks on moomoo.
$Palo Alto Networks (PANW.US)$ was trending Tuesday morning, gaining 7% as the highest-reaching stock on the S&P 500 after the firm reported fourth-quarter earnings Monday night and revenue that topped Wall Street targets. It climbed after feeling the positivity of multiple analyst upgrades and price adjustments.
$Boeing (BA.US)$ fell 5%, the lowest on the Dow Jones Industrial Average, after the firm grounded its 777X jetliner test flights after finding cracks in the plane.
Investors are watching for a few retail-focused firms and tech companies this week.   $Target (TGT.US)$  comes on on Wednesday alongside $Zoom Video Communications (ZM.US)$ and $Snowflake (SNOW.US)$ Wednesday. $Intuit (INTU.US)$ , $CAVA Group (CAVA.US)$  and $The Toronto-Dominion Bank (TD.US)$ are set to annoucne Thursday.
The cybersecurity industry sector of the stock market was climbing higher Tuesday, following Palo Alto Networks.
Boeing Pulls Dow Lower, S&P 500 Falls From Close to ATH Levels | Stonk Break
$Crude Oil Futures(NOV4) (CLmain.US)$ fell further after hitting a two-week low Monday, $Bitcoin (BTC.CC)$ fell below $60k again, Gold remained near its multi-year high. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the     $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell.
The market teetered on near all-time highs after opening to a green, ninth session of gains. If the S&P 500 closes higher, it would be its longest winning streak for the year, and though it started the day 1% away from an all-time high, shortly after 11:23 am ET, the index $S&P 500 Index (.SPX.US)$ was falling back 0.24%.
Investors are digesting comments made during the Democratic National Committee, where the Harris campaign made public their plans to combat price gouging, subsidize housing, and raise the corporate tax rate 7% to 28%.
Investors are also awaiting Powell's speech in macroeconomics at Jackson Hole this Friday at 10 am ET; catch it live on moomoo with our broadcast and commentary.
(To see these stocks and more on the options page, click here.)
Interested in Options? Click here to join our exclusive options chat with personal callouts from our resident expert, Invest with Sarge. Want to learn more about options, check out moomoo education with this link!
Yesterday, users were talking about the election and what policies they liked from each candidate. Many said they expected one candidate to help the economy and one to hurt it, but no one agreed on who.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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