Major U.S. Stock Indexes: A Wider Market Rally in July
The recent market rally in July showcased signs of expansion, with underappreciated sectors like industrials and transports drawing the attention of eager buyers.
Throughout the month, buyers remained consistent, resulting in three consecutive weeks of gains for the S&P 500 and thirteen positive trading sessions in a row for the Dow Jones Industrial Average.
In terms of performance, the mega-cap tech-heavy Nasdaq 100 increased by 3.81%, the S&P 500 rose by 3.11%, and the Dow Jones Industrial Average saw a 3.35% increase for the month of July.
Valuation Considerations: A Focus on “The Magnificent 7”
With such a sharp rally in the major U.S. stock indexes, many prospective investors are wondering about good investment opportunities at these levels. Are retail investors fully embracing these new data points?
The recent market rally has been driven by factors such as cooling inflation, the potential conclusion of the Fed hike campaign, and the growth of AI/tech stocks.
A new buzz term, “The Magnificent 7,” has emerged, referring to Alphabet, Amazon.com, Apple, Meta, Microsoft, Nvidia, and Tesla.
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