Here are the top five things investors need to know to start day trading:
1. Market movements
of Dow joined the recent record party on Friday, climbing more than 200 points to end the day above 40,000 for the first time since May. That added to a good week for the Dow Jones Industrial Average, which rose 1.6% for the period. of S&P 500meanwhile, it rose 0.9% last week, while heavy tech Nasdaq Composite increased by 0.3% in the same period. With these gains, the Dow is up 6.1% for the year and the S&P 500 is up 18% so far in 2024. Investors are hoping this trend will continue as companies begin releasing second-quarter earnings reports in the coming weeks ( more on this below). Follow live market updates.
2. Attempted assassination
Republican presidential candidate and former US President Donald Trump is assisted by US Secret Service personnel after shots were fired during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, US, July 13, 2024.
Brendan McDermid | Reuters
Former President Donald Trump was shot at a rally in Pennsylvania on Saturday in an attempted assassination. The shooting left one attendee and the gunman dead, and two bystanders were in stable condition as of Sunday. Trump said he was grazed by a bullet that bloodied his face, and he was released from a local hospital Saturday night. The gunman was a 20-year-old man from Pennsylvania who used a semi-automatic weapon, according to NBC News, but his motive remains unknown. The incident occurred just days before the Republican National Convention in Milwaukee, where Trump will officially be nominated as the GOP presidential nominee. President Joe Biden called the violence “sickening” and called for unity after the attack.
3. Get back in the saddle
Michael M. Santiago | Getty Images News | Getty Images
It’s that time of the season, it’s that time of year: Earnings season is here. Some of the biggest banks in the country will report in the coming days, including Goldman Sachs, Morgan Stanley and Bank of America. They will join more than 40 S&P 500 companies scheduled to release second-quarter results this week, and expectations remain high. FactSet data shows analysts forecast the strongest earnings growth since the first quarter of 2022. Here are the earnings to watch this week:
4. A Google of a deal
LGBTQA+ pride flags at the Google sign to celebrate Gay Pride Month, Manhattan, New York.
Lindsey Nicholson | Getty Images
Parent company Google Alphabet is close to a deal to buy cybersecurity firm Wiz for $23 billion, the Wall Street Journal reported Sunday, citing people familiar with the matter. If it goes through, it would be Google’s biggest acquisition ever. Wiz was founded in 2020 and had been considering an initial public offering since May, when the company was valued at $12 billion. The talks come as the Justice Department has stepped up its antitrust scrutiny; Google has been sued twice on antitrust grounds.
5. Housing market
Homes in the Nexton community in Summerville, South Carolina, USA
Sam Wolfe | Bloomberg | Getty Images
High home prices and mortgage rates have left aspiring homeowners feeling stuck. The 30-year mortgage rate has hovered around 7% over the past several months, a drastic increase from the sub-3% levels seen in the early years of the pandemic. Meanwhile, the Case-Shiller national home price index has hit all-time highs this year, and affordability has decreased as a result. It is also affecting current home owners who want to sell their property.
– CNBC’s Yun Li, Brian Evans, Rebecca Picciotto, Josephine Rozzelle, Jake Piazza, Christina Wilkie, Kevin Breuninger, Dan Mangan, Fred Imbert, Alex Harring and Gabriel Cortés contributed to this report.
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