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The S&P 500 Index is down 0.“`html
The S&P 500 Index is down 0.10% today, the Dow Jones Industrial Average is slightly up by 0.04%, and the Nasdaq 100 Index is down 0.47%. Notably, NXP Semiconductors’ stock fell“`html
The S&P 500 Index is down 0.10% today, while the Dow Jones Industrial Average is up 0.04%, and the Nasdaq 100 Index is down 0.47%. Significant declines include NXP Semiconductors, which fell more than 2% after missing revenue forecasts, and General Motors, down over 7% after forecasting a lower-than-expected EBIT for the year. Lockheed Martin also dropped more than 5% following weaker-than-expected Q2 net sales.
Today’s economic news revealed that the July Richmond Fed manufacturing index unexpectedly fell 12 points to an 11-month low of -20, much worse than the anticipated increase to -2. Conversely, D.R. Horton rose over 12% after reporting stronger-than-expected Q3 net sales, raising their revenue forecast for the year.
Market sentiment is influenced by upcoming economic data, including existing home sales, unemployment claims, and the S&P US manufacturing PMI. Additionally, quarterly earnings reports from major companies, including Alphabet and Tesla, are expected this week.
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