STOCK MARKET WATCH: Tuesday, 23 July 2024

[Tansy_Gold]

STOCK MARKET WATCH: Tuesday, 23 July 2024

Previous SMW:
SMW for 22 July 2024



AT THE CLOSING BELL ON 22 July 2024


Dow Jones 40,415.44 +127.91 (0.32%)
S&P 500 5,564.41 +59.41 (1.08%)
Nasdaq 18,007.57 +280.63 (1.58%)

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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:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


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:

Where a traditional gender division of labor prevails, men enter the conceptually organized world of governing without a sense of transition.

Dorothy E. Smith. The Conceptual Practices of Power: A Feminist Sociology of Knowledge. Northeastern University Press. © 1990.

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.

[FirstLight]

1. So, are things basically the same since yesterday's big news?

Curious 🤨

[progree]

3. Better. The S&P 500, which is a capitalization-weighted average of 80% of the entire U.S. stock market,

is up 1.08%. That's considerably above the average daily move, but not a super-sized one (Google says the average daily move historically is +/- 0.5%)..

https://www.google.com/search?q=s%26p+500+percentage+of+entire+u.s.+stock+market

I don't see anything in particular that would account for that otherwise.

https://finance.yahoo.com/news/stock-market-news-today-tech-roars-back-as-sp-500-nasdaq-surge-ahead-of-earnings-200038261.html

The total U.S. stock market, as represented by the ETF index fund VTI is up about the same amount: 1.04%
https://finance.yahoo.com/quote/VTI/

As for the Dow, up only 0.32% -- the Dow is an index of 30 cherry-picked stocks and the Dow is not even a good average of any kind of those stocks because it is price-weighted, which is utterly silly. Yes, a stock selling for $60 has twice the weight of one selling for $30, no matter what their respective market capitalizations are. It is a legacy thing that is far far past its "best by" date that the media just can't let go of it.

[FirstLight]

4. Thanks for the explanation.

I'm a newbie to holding stocks and still navigating the lingo etc

[progree]

5. YW 😊/nt

[dweller]

2. Will the price at the pump finally fall ?

2 week ago it jumped .20 cents overnite to $3.69/gal here
A few days it dropped .10 cents … I drive an extra 8 mile to a place it’s been $3.25 for over a month .

Feels like it should be falling more



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