Top Movers of the Day

Mover TrackerMonday, Jul 29, 2024 4:49 pm ET

1min read

Investors were cautious on Monday due to upcoming mega cap earnings, central bank meetings, and the July U.S. jobs report. Major indexes were mostly flat, with small caps falling and mega caps slightly higher. The Federal Reserve is expected to maintain rates, while potential rate hikes from the Bank of Japan could influence U.S. Treasuries. Energy stocks declined amid falling crude prices. Tech earnings, especially from Apple, Microsoft, Meta, and Amazon, could cause market volatility. Notable stock moves included McDonald's rise despite earnings misses and Tesla's gain after a Morgan Stanley upgrade. Key reports from AMD, Microsoft, and others are anticipated this week.

McDonald's shares rose nearly 4% despite missing earnings and revenue estimates, as investors were relieved by the continuation of $5 value meals.

Revvity advanced 9% after beating earnings expectations.

Akamai Technologies gained 0.4% after an upgrade by Guggenheim.

Tesla jumped 6% following a Morgan Stanley upgrade, while Ford fell 2%.

Stellantis dropped 4% due to a downgrade by Deutsche Bank.

Walt Disney increased 2.5% after a strong box office debut for a new Marvel movie.

On Semiconductor surged nearly 12% after surpassing earnings expectations.

Dexcom rose 5% following Health Canada's approval of its new insulin pump software.

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