US Market's Three Major Indexes Start Mixed

IconCryptoNewsTerminal Staff25 Jul, 2024

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US Market's Three Major Indexes Start Mixed

The three major indexes on the US stock market started with mixed signals today. The S&P 500 and Nasdaq Composite both inched upward, while the Dow Jones Industrial Average declined slightly.
S&P 500: +0.03% Nasdaq Composite: +0.08% * Dow Jones Industrial Average: -0.03%
The mixed start comes after a strong rally last week, which saw the S&P 500 and Nasdaq reach record highs. Investors are likely taking a cautious approach as they weigh the potential impact of rising interest rates and inflation.
The US Federal Reserve is expected to raise interest rates by 0.50% this week, the biggest increase in 22 years. The central bank is also expected to begin reducing its balance sheet, which could further tighten financial conditions.
Investors will also be closely watching earnings reports this week. Several major companies, including Apple and Microsoft, are set to report quarterly results. Strong earnings could boost stocks, while weak earnings could weigh on the market.

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