Moomoo Markets Look Ahead for Tuesday, July 21
The Nasdaq Composite, S&P 500 and Dow industrials will try to snap a three-session losing streak Tuesday after all three fell yet again on Monday.
The $Dow Jones Industrial Average (.DJI.US)$ lost 0.6%, the $S&P 500 Index (.SPX.US)$ gave back 0.2% and the $Nasdaq Composite Index (.IXIC.US)$ inched down 0.1%.
The indices fell as weakness for key tech stocks like $Oracle (ORCL.US)$, $SpaceX (SPCX.US)$, $Tesla (TSLA.US)$, $Apple (AAPL.US)$ and $SK hynix (SKHY.US)$ gave the session a negative tone.
SpaceX lost 3.3% to end at $119.85, its lowest close since last month's initial public offering at $135 a share.
Meanwhile, Oracle hit its weakest intraday levels since June 2024 during Monday's session.
Such losses outweighed gains for select Big Techs like $Lumentum (LITE.US)$, $Marvell Technology (MRVL.US)$, $Intel (INTC.US)$, $SanDisk (SNDK.US)$, $Micron Technology (MU.US)$ and $Advanced Micro Devices (AMD.US)$.
As for Tuesday's session, while there are no major economic indicators due out, look for earnings before the bell from $Novartis AG (NVS.US)$, $Charles Schwab (SCHW.US)$, $3M (MMM.US)$, $Northrop Grumman (NOC.US)$, $General Motors (GM.US)$, $Halliburton (HAL.US)$ and many other firms.
Here's your complete look ahead for the day:
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