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Top Movers of the Day
AInvestMonday, Jul 15, 2024 5:19 pm ET
1min read
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Last week's rally broadened, with small caps leading despite late selling pressure. Fed Chair Jerome Powell hinted at possible rate cuts before inflation hits 2%. Small caps surged, reflecting optimism about the U.S. economy. Major indexes saw modest gains: S&P 500 up 0.28%, Dow Jones up 0.53%, and Nasdaq up 0.4%. Small-cap Russell 2000 jumped nearly 8% over the week. Financials and industrials led sectors, while communication services lagged. Notable earnings reports include banks, Johnson & Johnson, United Airlines, and Taiwan Semiconductor. Key data this week: retail sales, industrial production, and potential rate cut impacts on the yield curve.

Here are the top movers of the day:

Health insurers Humana and UnitedHealth rose 1% on hopes of fewer cost pressures with a potential Trump victory. 

Trump Media & Technology surged 29% following an attempted assassination of Trump, boosting election win expectations. 

Macy's fell 12% after ending buyout talks. 

Gun stocks, including Sturm, Ruger & Company and Smith & Wesson, rose significantly after a shooting at Trump's rally. 

SolarEdge dropped 13% due to layoffs aimed at restoring profitability. 

Goldman Sachs gained 1% on strong earnings. 

Crypto stocks and Bitcoin rose with increased bets on a Trump win. 

Apple advanced 2% on an upgrade and record India sales. 

Baxter International fell 3% on a downgrade. 

Tesla added nearly 5%, continuing its monthly rally.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.