Small-Cap Gains Resume Ahead Of Major Tech Earnings; UPS Faces Worst Day Ever, Bitcoin Dips Below $66,000: What's Driving Markets Tuesday?

Quick Summary:

On Tuesday, Wall Street saw a mixed session, with small-cap stocks outperforming large caps as investors anticipated key earnings reports from Alphabet Inc.(NASDAQ:GOOG) (NASDAQ:GOOGL) and Tesla Inc.(NASDAQ:TSLA), set to be released after the close.

United Parcel Service Inc.(NYSE:UPS) stood out among the mega-cap stocks, plunging 14% after missing earnings and revenue estimates for the previous quarter.

This marked the ninth time in the last 10 sessions that small caps have outperformed tech stocks.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: US20030N1019 US3696041033 PKG ETFs KO US55354G1004 US78462F1030 Equities XLK PII DGX US81369Y8030 US5398301094 TSLA SPOT US14040H1059 US38259P5089 XLE IE00B58JVZ52 Econ #s NXPI US7310681025 US8825081040 UPS US38259P7069 IWM US81369Y6059 US7458671010 US88160R1014 KMB Small Cap GM MAT GOOGL CB Cryptocurrency PM US78467X1090 Commodities US74834L1008 SPY XLF FCX US00847J1051 US81369Y5069 US6951561090 US1912161007 US35671D8570 US1712321017 STX DIA NL0009538784 Midday update US4642876555 CMCSA Benzinga COF GE Broad U.S. Equity ETFs US37045V1008 US92826C8394 TXN Stories That Matter PHM V Top Stories LMT GOOG US7181721090 Tech Large Cap US5770811025 US9113121068 MSCI AGYS US4943681035 MEDP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 17:53:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21754733

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