The Dividend Cafe
The Dividend Cafe
The Bahnsen Group
The Dividend Cafe Wednesday - July 24, 2024
4 minutes Posted Jul 24, 2024 at 9:14 am.
Introduction and Market Overview
Sector Performance and Interest Rates
Economic Data Highlights
Upcoming Economic Events
Closing Remarks
0:00
4:54
Download MP3
Show notes
Market Analysis and Sector Performance on July 24th
In this episode of Dividend Cafe, Brian Szytel analyzes the market performance for July 24th from West Palm Beach, Florida. The Dow closed 504 points lower, the S&P fell by 2.31%, and the NASDAQ dropped by 3.64%. Significant declines in Google and Tesla stocks driven by earnings misses led to the NASDAQ's poor performance. Despite the downturn, sectors such as energy, staples, utilities, and healthcare saw positive results. Interest rates slightly increased, with the 10-year yield up by three basis points. Brian discusses the yield curve changes and the economic indicators, including slight misses in new home sales and positive PMI report. Looking ahead, the episode mentions upcoming PCE data and the Fed meeting next week, followed by expectations for Q2 GDP revisions and durable goods orders. The VIX index spiked by 22% indicating heightened market volatility.
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com