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As the month began, markets continued to be optimistic as inflation turned out to be better than expected. Equity markets continued to rise, led by the small-cap Russell 2000 Index. At the same time, the Nasdaq 100 underwent a special adjustment to address its weighting.
Later in the month, the Federal Reserve raised interest rates by another 25 basis points, leaving the door open for another rate hike....

Manufacturing activity in New York state held steady in July after an uptick last month, data from the Federal Reserve Bank of New York showed Monday. The New York Fed said its general business conditions index fell to 1.1 in July after surging to 6.6 in June, although a positive reading still indicates growth. Economists had expected the index to drop to zero. The index for future business conditions fell to 14.3 in July from...

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Happy Monday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
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