Marcus Today Pre-Market Podcast – Monday 24th July
The Dow Jones managed to inch higher, gaining 3 points (0.01%), marking its tenth consecutive day of advances and its longest rally in nearly six years. At its best, the Dow was up by 115 points, while at its worst, it faced a decline of 39 points. The S&P 500 saw a minor increase of 0.03%, while the NASDAQ suffered a 0.22% loss ahead of the Nasdaq 100 rebalance scheduled for Monday's market opening.
US reporting season now in full swing. American Express experienced a 3.9% drop after failing to meet quarterly revenue estimates. Netflix also faced a decline of 2.3% for the second consecutive day following their disappointing results. Both Nvidia and Meta fell more than 2% each in a volatile trading session.
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