Market Recap – July 11th
On Tuesday’s trading day, markets started flat but finished with some gains as investors brace for June’s consumer price index report released on Wednesday. Positive headlines from Salesforce and Microsoft helped carry market sentiment forward as most investors are pushing behind tech to carry market performance during the current period. For the broad indices, the S&P 500 increased 0.67%, the NASDAQ Composite went up 0.55%, and the Dow Jones rose 0.93%.
Aside from the indices, one of the biggest winners of the day was the image and video provider Shutterstock, with its share value climbing 9.10% following a partnership deal with ChatGPT creator OpenAI. Also in the green was popular real estate company Zillow, growing 10.77% after analysts upgraded the stock following a positive housing market outlook that could boost share value by over 30%.
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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.