Market Highlights
Alphabet debuted on the Dow Jones Industrial Average on Monday, rising 4% and adding $168 billion in market capitalization, while replacing Verizon which fell 7%. The Nasdaq Composite gained 1.3%, the S&P 500 was up 0.7%, and the Dow Jones increased by 0.4% as major indexes reacted positively to this news.
Tesla’s shares climbed 4.5%, increasing its market cap by $66 billion following reports of an expanding collaboration with SpaceX. Meanwhile, Applied Materials surged 9.8% after receiving favorable analyst reports. In consumer news, Amazon reported $26.4 billion in sales during its Prime Day event from June 23 to June 26, marking a 9.3% increase compared to the previous year.
This week is shortened by the July 4 holiday, with investors focused on upcoming consumer confidence and job reports, alongside further Supreme Court hearings that could impact market sentiments.
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