Market Reactions to June Retail Sales Data and Gold Price Surge

Tuesday, 16 July 2024, 17:37
Stocks are reacting differently to June's retail sales data, with the Dow Jones Industrial Average seeing significant gains due to strong performances by UnitedHealth Group and notable companies. The surge in gold prices to record levels is creating investor optimism for a potential Federal Reserve rate cut. Notable trending tickers include CRISPR Therapeutics, The Charles Schwab Corporation, and Shopify.
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Market Reactions to June Retail Sales Data and Gold Price Surge

Market Movement

Stocks show mixed trading following better-than-expected retail sales data for June.

Optimism for Rate Cut

Investor sentiment is improving amid hopes for a future Federal Reserve rate cut.

Company Performances

  • Dow Jones gains driven by UnitedHealth Group's strong earnings report.
  • Notable tickers: CRISPR Therapeutics, The Charles Schwab Corporation, and Shopify.

Commodities Market

Gold prices reach all-time highs, attracting market attention.

Guests

  • 3:10 p.m. ET - Steven Ricchiuto, Mizuho U.S. Chief Economist
  • 3:25 p.m. ET - Ken Leon, CFRA Director of Equity Research

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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