Stock Market Recap – July 8, 2024

July 8, 2024/WSW Admin

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Today’s Financial Markets Summary – July 8, 2024

Today’s stock market activity on July 8, 2024, saw a mix of gains and losses across various sectors, with key indices reflecting this volatility. The Dow Jones Industrial Average showed a modest increase of 0.15%, closing at 34,200. The S&P 500 also rose by 0.25%, ending at 4,450, while the Nasdaq Composite advanced by 0.35%, finishing at 14,750​ (Nasdaq)​​ (markets.businessinsider.com)​​ (SlickCharts)​.

Major Winners

  1. Synopsys (SNPS): Increased by 1.37%, closing at $615.32.
  2. Microsoft (MSFT): Rose by 1.20%, ending the day at $466.29.
  3. GlobalFoundries (GFS): Gained 1.16%, closing at $51.33.
  4. Amazon (AMZN): Up by 1.09%, closing at $199.75.
  5. Apple (AAPL): Increased by 1.47%, closing at $224.81​ (markets.businessinsider.com)​​ (SlickCharts)​.

Major Losers

  1. Fortress Biotech (FBIOP): Dropped significantly by 54.88%, closing at $7.36.
  2. SYLA Technologies (SYT): Fell by 31.91%, ending at $2.07.
  3. NorthView Acquisition Corporation – Rights (NVACR): Decreased by 30.16%, closing at $0.08.
  4. Wheels Up Experience (UP): Declined by 23.63%, closing at $3.06.
  5. Wetouch Technology (WETH): Dropped by 23.58%, closing at $2.42​ (Benzinga)​.

Notable Tickers

  • Boeing (BA): Slightly up by 0.23%, closing at $185.25.
  • JPMorgan Chase (JPM): Fell marginally by 0.10%, ending at $204.59.
  • Chevron (CVX): Decreased by 0.23%, closing at $153.96.
  • Johnson & Johnson (JNJ): Dropped by 0.42%, closing at $145.87​ (markets.businessinsider.com)​​ (Benzinga)​.

Today’s market movement reflects investors’ cautious optimism amid ongoing economic data releases and corporate earnings reports. Tech stocks continue to show resilience, while some biotechnologies and smaller tech companies faced significant declines.

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