Market Recap – July 17th 💰

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Market Recap – July 17th

On Monday, the stock market showed positive movement as investors prepared for quarterly reports from major companies. The Dow Jones Industrial Average increased by 78 points or 0.2%, the S&P 500 rose by 0.4%, and the Nasdaq Composite gained 0.9%.

Activision Blizzard, a video game maker, saw a 3.2% increase in its stock price. This was attributed to a deal between Microsoft and Sony, ensuring that the popular “Call of Duty” game would remain available on Sony’s PlayStation consoles despite Microsoft’s acquisition of Activision Blizzard. However, Paramount Global, an entertainment company, experienced a decline of 4.4% in its stock value. This was a result of the new “Mission: Impossible” movie performing below expectations at the box office. The film earned $56.2 million domestically over the weekend, which was lower than the previous instalment in the franchise. Additionally, it generated $80 million in its first five days of release, according to Variety.

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