July 2024 Monthly and First Week of August Market Review July 2024 Monthly and First Week of August Market Review Monthly Performance Overview S&P 500 July 2024 was a positive month for the S&P 500, with the index closing up 61 points. Although this was the least performing month for the S&P 500 this year, the index managed to maintain its upward momentum. The best day for the S&P 500 was on July 31st, which saw an impressive gain of 85.86 points, ultimately saving the index's performance for the month. Dow Jones The Dow Jones had its best month of the year, surging 1723 points in July. This remarkable performance underscores the strength of blue-chip stocks, which outperformed other indices during the month. Nasdaq In contrast, the Nasdaq struggled in July, losing 133 points. This marks Nasdaq as the worst-performing major index for the month. The technology sector faced headwinds that dampe
Weekly Market Review: July 22-26, 2024 Weekly Market Review: July 22-26, 2024 Introduction The week of July 22-26, 2024, was characterized by mixed performances across major indices, highlighting the market's fluctuating nature. While the Dow Jones and Russell 2000 managed to post gains, the Nasdaq and S&P 500 faced declines. This analysis will delve into the week’s price movements, market trends, breadth, correlations, and provide a forecast for the upcoming week. Price Movements Key Indices Performance Dow Jones : Up 301 points Nasdaq : Down 369 points Russell 2000 : Up 75 points S&P 500 (SPX) : Down 45 points The mixed results indicate a week of partial gains and losses, with the Dow Jones and Russell 2000 showing strength, while the Nasdaq and S&P 500 struggled. Exhaustion Indicators S&P 500 : The price is currently at the second st