Wall Street Posts Solid Gains, As Defensives, Tech Shine

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Wall Street Posts Solid Gains, As Defensives, Tech Shine

StreetInsider2022-06-24

Wall Street's main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted ...

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Quicklearner
·2022-06-24
👍 Tech stock all the way
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Xiaomiiiii
·2022-06-24
Like please
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LEESIMON
·2022-06-24
upupup
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WindyMoon
·2022-06-24
[Cool]
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StarGalaxy
·2022-06-24
Ok
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LimLS
·2022-06-24
2nd day of Powell testimony. Pretty much nothing new. As usual, 1) bringing down inflation is "unconditional", 2) recession is "certainly a possibility". So we can safely assumed that July hike most likely be 75bps, which is also supported by Fed's Bowman during Thursday. Fed will be aggressive for 2022 so the pressure on market will be there. Like many said, don't fight the Fed. The bottom is yet to come. If wanted to pick bottom, at least wait for the July earnings to come out to check if the growth is still valid. If July earnings shows to be strong, then maybe we can try to pick some good businesses to invest. If July earnings is bad, be ready for further decline in valuation. Fed aggressive hikes/QT and revaluation will bring more pressure to the already bearish market sentiment. So d
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WayneLee
·2022-06-24
Like pls
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NP_YT
·2022-06-24
Ok
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Simonnov
·2022-06-24
Ic
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Iamboon
·2022-06-24
Good good, very good
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J.G
·2022-06-24
Go
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nxw
·2022-06-24
Like pls
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J.G
·2022-06-24
Go
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newtoUS
·2022-06-24
Ok
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MasterStonker
·2022-06-24
📈📈📈📈📈📈📈📈📈📈📈
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3nn
·2022-06-24
Like pls thx
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TTrade
·2022-06-24
A like pls. Have a good day.
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Xiaomiiiii
·2022-06-24
Like please
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Joe1997
·2022-06-24
Hi
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Investors are weighing how far stocks could fall after the index earlier this month fell over 20% from its January all-time high, confirming the common definition of a bear market.“There is a tremendous amount of uncertainty about the outlook and so the market is confused,” said Walter Todd, chief investment officer at Greenwood Capital in South Carolina.The Dow Jones Industrial Average rose 194.23 points, or 0.64%, to 30,677.36, the S&P 500 gained 35.84 points, or 0.95%, to 3,795.73 and the Nasdaq Composite added 179.11 points, or 1.62%, to 11,232.19.In his second day of testifying before Congress, U.S. central bank chief Jerome Powell said the Fed's commitment to reining in 40-year-high inflation is \"unconditional\" but also comes with the risk of higher unemployment.U.S. business activity slowed considerably in June as high inflation and declining consumer confidence dampened demand across the board, a survey on Thursday showed.“The Fed wants to see things start to slow and the data is starting to reflect that,” said James Ragan, director of wealth management research atD.A. Davidson.Citigroup analysts are forecasting a near 50% probability of a global recession.“Economic growth is slowing. Is it going to slow enough to go into a recession, that’s the big question,” Ragan said.Defensive groups considered safer bets in rocky economic times were the top-performing S&P 500 sectors. Among them, utilities gained 2.4%, healthcare rose 2.2% and real estate added 2%.The heavyweight tech sector rose 1.4%, with Microsoft gaining 2.3% and Apple up 2.2%.The energy sector slumped 3.8%, continuing its recent pullback after soundly outperforming the market for most of 2022. Declines in Exxon Mobil and Chevron were the biggest individual drags on the S&P 500, with Exxon dropping 3% and Chevron falling 3.7%.Other economically sensitive sectors also fell. Materials lost 1.4%, while industrials and financials dipped about 0.5% each.Advancing issues outnumbered declining ones on the NYSE by a 1.41-to-1 ratio; on Nasdaq, a 1.67-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 40 new lows; the Nasdaq Composite recorded 32 new highs and 194 new lows.About 12.4 billion shares changed hands in U.S. exchanges, compared with the 12.5 billion daily average over the last 20 sessions.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9041231955,"gmtCreate":1656052416677,"gmtModify":1676535759654,"author":{"id":"3574936639222161","authorId":"3574936639222161","name":"Quicklearner","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"👍 Tech stock all the way&nbsp;","listText":"👍 Tech stock all the way&nbsp;","text":"👍 Tech stock all the way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041231955","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041684927,"gmtCreate":1656042734869,"gmtModify":1676535757563,"author":{"id":"3582755552600107","authorId":"3582755552600107","name":"Xiaomiiiii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041684927","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041680236,"gmtCreate":1656041902325,"gmtModify":1676535757301,"author":{"id":"3579044609497336","authorId":"3579044609497336","name":"LEESIMON","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"upupup","listText":"upupup","text":"upupup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041680236","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041680099,"gmtCreate":1656041756711,"gmtModify":1676535757291,"author":{"id":"3585190346107555","authorId":"3585190346107555","name":"WindyMoon","avatar":"https://static.tigerbbs.com/8e3e8fe6ed7167969540d7d4434286db","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041680099","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041617247,"gmtCreate":1656041723689,"gmtModify":1676535757316,"author":{"id":"4090381790893340","authorId":"4090381790893340","name":"StarGalaxy","avatar":"https://static.tigerbbs.com/49916fa198da24e2605abf24a28d23d2","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041617247","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041612868,"gmtCreate":1656041459254,"gmtModify":1676535757215,"author":{"id":"3572923586954779","authorId":"3572923586954779","name":"LimLS","avatar":"https://static.tigerbbs.com/217b03b0c4808fb537070ba4e8f9d83f","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"2nd day of Powell testimony. Pretty much nothing new. As usual, 1) bringing down inflation is \"unconditional\", 2) recession is \"certainly a possibility\". So we can safely assumed that July hike most likely be 75bps, which is also supported by Fed's Bowman during Thursday. Fed will be aggressive for 2022 so the pressure on market will be there. Like many said, don't fight the Fed. The bottom is yet to come. If wanted to pick bottom, at least wait for the July earnings to come out to check if the growth is still valid. If July earnings shows to be strong, then maybe we can try to pick some good businesses to invest. If July earnings is bad, be ready for further decline in valuation. Fed aggressive hikes/QT and revaluation will bring more pressure to the already bearish market sentiment. So d","listText":"2nd day of Powell testimony. Pretty much nothing new. As usual, 1) bringing down inflation is \"unconditional\", 2) recession is \"certainly a possibility\". So we can safely assumed that July hike most likely be 75bps, which is also supported by Fed's Bowman during Thursday. Fed will be aggressive for 2022 so the pressure on market will be there. Like many said, don't fight the Fed. The bottom is yet to come. If wanted to pick bottom, at least wait for the July earnings to come out to check if the growth is still valid. If July earnings shows to be strong, then maybe we can try to pick some good businesses to invest. If July earnings is bad, be ready for further decline in valuation. Fed aggressive hikes/QT and revaluation will bring more pressure to the already bearish market sentiment. So d","text":"2nd day of Powell testimony. Pretty much nothing new. As usual, 1) bringing down inflation is \"unconditional\", 2) recession is \"certainly a possibility\". So we can safely assumed that July hike most likely be 75bps, which is also supported by Fed's Bowman during Thursday. Fed will be aggressive for 2022 so the pressure on market will be there. Like many said, don't fight the Fed. The bottom is yet to come. If wanted to pick bottom, at least wait for the July earnings to come out to check if the growth is still valid. If July earnings shows to be strong, then maybe we can try to pick some good businesses to invest. If July earnings is bad, be ready for further decline in valuation. Fed aggressive hikes/QT and revaluation will bring more pressure to the already bearish market sentiment. So d","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041612868","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041632546,"gmtCreate":1656040280585,"gmtModify":1676535756995,"author":{"id":"3576105353976896","authorId":"3576105353976896","name":"WayneLee","avatar":"https://community-static.tradeup.com/news/785daacee256a2b4978a5d50fbe3727b","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041632546","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041632150,"gmtCreate":1656040254270,"gmtModify":1676535756987,"author":{"id":"3572043809285615","authorId":"3572043809285615","name":"NP_YT","avatar":"https://static.itradeup.com/news/fad9f70abb174e3e09e4caf3f9c0c13a","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041632150","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041633493,"gmtCreate":1656039961312,"gmtModify":1676535756917,"author":{"id":"4097750438225520","authorId":"4097750438225520","name":"Simonnov","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ic","listText":"Ic","text":"Ic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041633493","repostId":1103591580,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041633642,"gmtCreate":1656039948686,"gmtModify":1676535756909,"author":{"id":"3582785870889468","authorId":"3582785870889468","name":"Iamboon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Good good, very good","listText":"Good good, very good","text":"Good good, very 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