Stock Market Recap – July 11, 2024

July 11, 2024/WSW Admin

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Today’s Financial Markets Summary – July 11, 2024

Today, July 11, 2024, the stock market experienced a mix of gains and losses across various sectors. Here’s a breakdown of the day’s activity, highlighting some of the key winners and losers.

Top Gainers

  1. Apple Inc. (AAPL): Apple saw a notable increase of 1.47%, with shares closing at $224.81. This gain was driven by strong sales reports and optimism about upcoming product launches​ (Stock Market Updates)​​ (SlickCharts)​.
  2. Microsoft Corp. (MSFT): Microsoft’s shares rose by 1.20%, ending the day at $466.29. Positive developments in its cloud computing segment contributed to the increase​ (Stock Market Updates)​​ (Benzinga)​.
  3. Amazon.com Inc. (AMZN): Amazon’s stock climbed by 1.09%, closing at $199.75, as the company reported better-than-expected revenue growth​ (Stock Market Updates)​.
  4. Salesforce Inc. (CRM): Salesforce gained 1.43%, with its shares reaching $264.67, following news of strategic acquisitions aimed at enhancing its CRM capabilities​ (SlickCharts)​.

Top Losers

  1. First Solar Inc. (FSLR): First Solar saw a significant drop of 4.15%, with shares closing at $221.52. The decline was attributed to disappointing quarterly results and lowered guidance for the next fiscal year​ (Benzinga)​.
  2. Micron Technology Inc. (MU): Micron’s shares fell by 3.60%, ending at $131.90, due to weaker-than-expected earnings and concerns over supply chain disruptions​ (SlickCharts)​.
  3. Delta Air Lines Inc. (DAL): Delta experienced a decrease of 2.48%, with its stock closing at $46.22. The decline followed a downgrade by analysts due to rising fuel costs impacting profit margins​ (SlickCharts)​​ (Benzinga)​.
  4. United Rentals Inc. (URI): United Rentals saw its stock drop by 2.45%, closing at $637.95, amid concerns over slowing demand in the construction sector​ (SlickCharts)​.

Market Overview

Overall, the market showed mixed results with significant movements in both directions. The tech sector generally performed well, driven by positive earnings reports and strategic advancements. However, the energy and industrial sectors faced challenges, leading to declines for several major companies.

These fluctuations highlight the ongoing volatility and the importance of closely monitoring market trends and individual company performances.

For more detailed information, you can visit Stock Market Watch, Slickcharts, Benzinga, and StockNews.

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