Market Recap – July 3rd 💰

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Market Recap – July 3rd

On Monday’s trading day, markets started the new month somewhat motionless, with investors remaining hesitant before Independence Day. After a successful half-year period performance, investors may tread lightly before the next earnings season to prepare for unwanted economic uncertainty. For the broad indices, the S&P 500 grew 0.12%, the NASDAQ Composite went up 0.21%, and the Dow Jones rose 0.03%.

After a successful delivery and production report, Tesla became one of the biggest winners of the day; with its share value rising by 6.90%, Tesla wowed shareholders after crushing rough sales expectations for the quarter. EV company Rivian also posted large returns for the day, climbing 17.41% after hopes consumer demand for the market leader would funnel into Rivian’s quarterly top-line.

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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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