Stock Market Week in Review – 7/1 – 7/5

The June jobs report came in slightly higher than expected, but the number wasn’t significant enough to move markets in the holiday-shortened week. For now, investors continue to climb the wall of worry, particularly regarding the leading technology stocks.  Next week may put that bullish sentiment to the test. The latest readings on inflation will…

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French revolution | Editorial Comment

3 min read Last Updated : Jul 08 2024 | 9:50 PM IST French President Emmanuel Macron’s gamble to call snap elections following the far-right National Rally Alliance’s strong showing in the European parliamentary elections last month has thrown France into turmoil. In a record turnout for a runoff election, French voters unexpectedly relegated Marine…

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Can the Sector Hold Firm?

The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF NYSE: XHB is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its momentum or if a significant pullback is imminent. Adding…

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Steel Dynamics Up 9.6% as Competitors Rust

$124.01 -0.41 (-0.33%) (As of 02:13 PM ET) 52-Week Range $95.53 ▼ $151.34 Dividend Yield 1.48% P/E Ratio 8.52 Price Target $133.57 While most steel producer stocks are trading down in 2024, Steel Dynamics Inc. NASDAQ: STLD is an exception. Its stock is trading up 9.1% year-to-date (YTD). The VanEck Steel ETF (NYSEARCA: SLX) is down…

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