Market Recap 7/17/23

Dow +76.32 at 34585.26, Nasdaq +131.25 at 14245.33, S&P +17.37 at 4524.06

It was a grind today for the stock market, but that doesn’t mean it was a bad session. On the contrary, it was a good day for the market, which saw very little challenge from sellers outside of some individual stocks and the S&P 500 hit a new 52-week high.

Leadership from select mega-cap stocks, but principally Apple (AAPL 193.99, +3.30, +1.7%), Tesla (TSLA 290.38, +9.00, +3.20), and NVIDIA (NVDA 464.61, +9.92, +2.2%), made the difference for the Dow, Nasdaq, and S&P 500. Those indices, though, still found themselves looking up at the Russell 2000 (+1.2%), which outperformed on the back of strength in its financial and semiconductor components.

There are a lot of regional bank earnings this week (KRE). This will affect the Russell 2000 (IWM) either way.

Check P&L on the site if you’re playing at home. Many moves today.

See you in the morning.

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