Stock market rally stalls
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Most Wall Street analysts see upside in Meta Platforms stock ahead of the company's second-quarter earnings report.
NEW YORK (AP) — Wall Street is hanging near its records on Thursday, though the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big U.S. companies.
The S&P 500 added another 0.1% in early trading after setting an all-time high every day last week. The Dow Jones Industrial Average fell 19 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite is 0.3% higher, coming off its own record.
The S&P 500 closed at an all-time high for the ninth time this month, while the tech-heavy Nasdaq hit its 13th record July close.
The S&P 500 added another 0.1% in early trading after setting an all-time high every day last week. The Dow Jones Industrial Average fell 19 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite is 0.3% higher, coming off its own record.
Justin Sun's Tron Inc. filed a S-3 form with the Securities and Exchange Commission (SEC) on July 28, requesting to issue up to $1 billion in the aggregate of common stock, preferred stock, debt securities, warrants and rights.
Sky-high valuations for tech heavyweights have left investors searching for alternatives. Plus, President Trump's trade policies haven’t affected all companies the same way, creating winners (and losers) for investors to discover.
Edwards Lifesciences rose 4.3% after likewise topping Wall Street’s expectations for profit in the latest quarter. It said it saw strength across all its product groups, and it expects profit for the full year to come in at the high end of the forecasted range it had given earlier.