STOCK MARKET WATCH -- Tuesday, 1 August 2023

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 1 August 2023

Previous SMW:
SMW for 31 July 2023



AT THE CLOSING BELL ON 31 July 2023


Dow Jones 35,559.53 +100.24 (0.28%)
S&P 500 4,588.96 +6.73 (0.15%)
Nasdaq 14,346.02 +29.37 (0.21%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

One cannot firmly be against any use of nuclear weapons yet make an exception in the case of Hiroshima. To make even a single exception is to allow that exceptions may be made (in fact, we have made two). And one cannot honestly assert that a nuclear war must never be fought while devising strategies and building weapons to initiate such a war. A firm line against using nuclear weapons has been drawn — in the sand.

Greg Mitchell. Atomic Cover-up: Two U.S. Soldiers, Hiroshima & Nagasaki, and The Greatest Movie Never Made. Sinclair Books. © 2011, 2020.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Tech and speculative shares are surging on good earnings, AI, and lower inflation

Defensive stocks got hammered.

AI is enticing growth. NVDA expects a 50% increase in business over the next few years due to AI chips. This from WealthTrack, last Friday evening. Uber, Palantir up too. SOFI, the online & app bank with student loan exposure, beat earnings. Banks were supposed to go sour. YouTube gurus screaming about it for weeks.