Wall Street’s record hot streak just hit a wall

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Bancorp, which has also lagged the rest of the market this year, rallied 4.4% after topping analysts’ forecasts for profit and revenue.

The mix offers a continuation of a recent trend that market watchers have called encouraging, one where more stocks are rising rather than just a handful of overpowering elites.

It was one of the largest reasons the Dow Jones Industrial Average was able to rise despite falls for each of the Magnificent Seven stocks: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla.U.S.

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Article Details

Author / Journalist: Stan Choe, The Associated Press

Category: EconomyBusiness

Markets: United StatesChinaJapanNetherlandsTaiwan

Topics: Nvidia Taiwan Semiconductor Tech stocks TSMC Donald Trump NASDAQ Apple Wall Street

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 19:54:58 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 8 words

Reading Time: 1 minutes read

Sentences: 34 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 21667485

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 46 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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