Market Recap – July 19th 💰

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Market Recap – July 19th

Yesterday the Dow Jones Industrial Average displayed strength, advancing by 109.28 points. Similarly, the S&P 500 recorded a modest increase of 0.24%, while the Nasdaq Composite saw a slight uptick of 0.03%, closing at 14,358.02. Notably, the Dow achieved its longest winning streak since September 2019, marking its eighth consecutive day of gains.

Contributing to the positive sentiment, Qualcomm experienced a 2.8% surge in its shares after being added to JPMorgan’s focus list, which regarded the stock as one of the best growth opportunities for the firm. Additionally, Cisco observed a 1.4% rise as JPMorgan upgraded its rating on the enterprise technology company from neutral to overweight, suggesting that the decline in demand for Cisco’s products may be nearing its bottom.

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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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