Market Recap – July 21st 💰

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Market Recap – July 21st

The Dow Jones notched its ninth consecutive day of gains on Thursday, propelled by strong earnings from Johnson & Johnson. This streak marks the Dow’s best performance since 2017. While the Dow rose by 0.7%, the S&P 500 and Nasdaq Composite experienced declines of 0.4% and 1.5% respectively.

Tesla’s shares fell about 4% pre-market despite beating earnings expectations, primarily due to declining operating margins resulting from recent price cuts. Similarly, IBM’s stock dipped around 1% after reporting a revenue miss in the second quarter, though it managed to surpass earnings estimates by expanding its gross margin. Investors remain watchful as the market reacts to earnings reports and economic indicators.

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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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