Record-Breaking Start to Q3 2024: Tech Stocks Surge, S&P 500 and Nasdaq Reach New Highs - Upcoming Events: Powell Speech and JOLTS Report

New York, New York, USA United States of America
Federal Reserve Chair Jerome Powell will speak at 9:30 a.m. ET before a policy panel at the European Central Bank Forum in Portugal.
The Dow Jones Industrial Average added 0.1%, the S&P 500 gained 0.3%, and the Nasdaq Composite reached a new record close at around 17,908.
The S&P 500 and Nasdaq both closed at record highs on Monday.
The stock market kicked off Q3 2024 with major averages edging higher, with tech stocks outperforming.
Two significant events are on investors' radar for this week: Federal Reserve Chair Jerome Powell will speak at the European Central Bank Forum on Tuesday, and the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey (JOLTS) report on Wednesday.
Record-Breaking Start to Q3 2024: Tech Stocks Surge, S&P 500 and Nasdaq Reach New Highs - Upcoming Events: Powell Speech and JOLTS Report

The stock market kicked off the second half of 2024 with major averages edging higher, as tech stocks outperformed. The Dow Jones Industrial Average added 0.1%, the S&P 500 gained 0.3%, and the Nasdaq Composite reached a new record close at around 17,908.

Two significant events are on investors' radar for this week: Federal Reserve Chair Jerome Powell will speak at the European Central Bank Forum on Tuesday, and the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey (JOLTS) report on Wednesday.

On Monday, US stocks edged higher to start the third quarter of 2024. The tech-filled Nasdaq Composite climbed about 0.8%, while Tesla stock popped roughly 6% ahead of its quarterly delivery results due out on Tuesday.

Investors are debating whether the strong start to the year can continue in the back half of 2024. While megacap tech stocks continue to outperform, bearish market observers worry poor breadth could signal choppiness ahead.

The S&P 500 and Nasdaq both closed at record highs on Monday, with the former reaching a new intraday all-time high of 5,483.17 earlier in the session. The Dow Jones Industrial Average added around 62 points or 0.14% to close at 39,205.

The JOLTS report is expected to provide insight into the labor market and could influence investors' expectations for interest rates and inflation.

Federal Reserve Chair Jerome Powell will speak Tuesday at 9:30 a.m. ET before a policy panel at the European Central Bank Forum in Portugal. He will join ECB President Christine Lagarde, Roberto Campos Neto, governor of Brazil's central bank, and other policymakers for the discussion.

Markets will end trading early Wednesday and close Thursday for the Fourth of July holiday. On Friday, investors will get insight into the labor market with the June jobs report.


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Confidence

80%

Doubts
  • I should fact-check the expected insights from the JOLTS report and Powell's speech.
  • The article mentions 'bearish market observers worry poor breadth could signal choppiness ahead.' I need to verify if this is a widely held belief and not just the opinion of a few.

Sources

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

S&P 500, Nasdaq close higher to kick off second half's trading: Live updates

CNBC News Brian Evans, Sunday, 30 June 2024 22:01
  • Unique Points
    • Gauzy Ltd., an Israeli maker of ‘smart glass’ technology, dropped as much as 10% intraday after Wall Street investment banks began research coverage less than a month after its IPO.
    • Barclays rated Gauzy a new overweight with a $24 price target, TD Cowen gave it a buy and $24 price target, and Stifel gave it a buy and $18 target in their research reports.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%

Yahoo Finance Karen Friar Monday, 01 July 2024 23:17
  • Unique Points
    • US stocks edged higher on Monday to start the third quarter of 2024
    • The tech-filled Nasdaq Composite (IXIC) climbed about 0.8%
    • Tesla (TSLA) stock popped roughly 6% ahead of its quarterly delivery results due out on Tuesday
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (90%)
    The author makes some minor errors in this article. They use a dichotomous depiction by suggesting that either the second half of the year will see a pullback or a broadening of the current tech-driven rally. This oversimplifies what could be a more nuanced situation. Additionally, there is an appeal to authority when discussing potential interest rate cuts based on signs that inflation is slowing towards the Federal Reserve's target and cracks in the economy. The author also uses inflammatory rhetoric by mentioning US political risks surrounding President Joe Biden's future as the Democratic Party's standard bearer without providing any evidence or context.
    • . . .whether the second half will bring a pullback or a broadening in the record-breaking tech-driven rally...
    • Coming into focus is the June jobs report due Friday, watched for signs of cooling in the labor market that could help make a case for interest rate cuts.
    • US political risks have also started to emerge into the picture amid questions about whether President Joe Biden's future as the Democratic Party's standard bearer.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock futures are little changed after S&P 500 rises to kick off back half of 2024: Live updates

CNBC News Sarah Min Monday, 01 July 2024 22:02
  • Unique Points
    • If two-thirds of members in the S&P 500 and Nasdaq that are above their 200-day moving average, it would still be a relatively healthy setup as we go through the softer patch of economic data.
    • Federal Reserve Chair Jerome Powell speaks Tuesday at 9:30 a.m. ET before a policy panel at the European Central Bank Forum.
    • The May job openings and labor turnover report is due out Tuesday.
    • Markets will end trading early Wednesday, and close Thursday, for the Fourth of July holiday.
    • The June jobs report will be released on Friday.
  • Accuracy
    • ]The S&P 500 added 0.27% to close at [5,475.09](javascript:void(0);)
    • The S&P 500 gained 0.3%
    • The S&P 500 rose 0.27%
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock Market Today: Dow, S&P 500 Up; Nvidia, Spirit AeroSystems, Boeing, Tesla, Chewy, GameStop, More Movers; Treasury Yields; France Election

Barron's Financial Group Monday, 01 July 2024 23:19
  • Unique Points
    • The Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey tomorrow.
    • Federal Reserve Chair Jerome Powell will appear in a policy panel discussion at the European Central Bank Forum on Central Banking 2024 in Portugal.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains several informal fallacies and an appeal to authority. The author makes statements about the market's reaction to the potential of a Trump presidency without providing any evidence or citing sources. This is an example of an appeal to authority fallacy as the author is attributing a cause-and-effect relationship based on someone else's opinion rather than facts. Additionally, there are several instances where the author makes assumptions about market reactions and investor behavior without providing any evidence or data to support these claims. For example, when the author states 'The bond market appears to be reacting to better odds of another Donald Trump presidency.' This is an assumption and not a factual statement. Another example is when the author states 'Market breadth was weak, as about three-fourths of S&P 500 stocks fell on the day.' This statement implies that market breadth being weak is a bad thing, but there's no evidence provided to support this claim. Therefore, based on the given rules and examples provided in the article, I would score it as having several fallacies and give it a score of 85.
    • ]The bond market appears to be reacting to better odds of another Donald Trump presidency.[
    • Market breadth was weak, as about three-fourths of S&P 500 stocks fell on the day.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication