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Tansy_Gold

(18,023 posts)
Mon Jul 22, 2024, 05:16 PM Jul 22

STOCK MARKET WATCH: Tuesday, 23 July 2024

STOCK MARKET WATCH: Tuesday, 23 July 2024



Previous SMW:
SMW for 22 July 2024




AT THE CLOSING BELL ON 22 July 2024


Dow Jones 40,415.44 +127.91 (0.32%)
S&P 500 5,564.41 +59.41 (1.08%)
Nasdaq 18,007.57 +280.63 (1.58%)





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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)


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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:



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Quote for the Day:

Where a traditional gender division of labor prevails, men enter the conceptually organized world of governing without a sense of transition.

Dorothy E. Smith. The Conceptual Practices of Power: A Feminist Sociology of Knowledge. Northeastern University Press. © 1990.






This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

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STOCK MARKET WATCH: Tuesday, 23 July 2024 (Original Post) Tansy_Gold Jul 22 OP
So, are things basically the same since yesterday's big news? FirstLight Jul 22 #1
Better. The S&P 500, which is a capitalization-weighted average of 80% of the entire U.S. stock market, progree Jul 22 #3
Thanks for the explanation. FirstLight Jul 22 #4
YW 😊/nt progree Jul 22 #5
Will the price at the pump finally fall ? dweller Jul 22 #2

progree

(11,389 posts)
3. Better. The S&P 500, which is a capitalization-weighted average of 80% of the entire U.S. stock market,
Mon Jul 22, 2024, 05:43 PM
Jul 22

is up 1.08%. That's considerably above the average daily move, but not a super-sized one (Google says the average daily move historically is +/- 0.5%)..

https://www.google.com/search?q=s%26p+500+percentage+of+entire+u.s.+stock+market

I don't see anything in particular that would account for that otherwise.

https://finance.yahoo.com/news/stock-market-news-today-tech-roars-back-as-sp-500-nasdaq-surge-ahead-of-earnings-200038261.html

The total U.S. stock market, as represented by the ETF index fund VTI is up about the same amount: 1.04%
https://finance.yahoo.com/quote/VTI/

As for the Dow, up only 0.32% -- the Dow is an index of 30 cherry-picked stocks and the Dow is not even a good average of any kind of those stocks because it is price-weighted, which is utterly silly. Yes, a stock selling for $60 has twice the weight of one selling for $30, no matter what their respective market capitalizations are. It is a legacy thing that is far far past its "best by" date that the media just can't let go of it.

dweller

(24,413 posts)
2. Will the price at the pump finally fall ?
Mon Jul 22, 2024, 05:25 PM
Jul 22

2 week ago it jumped .20 cents overnite to $3.69/gal here
A few days it dropped .10 cents … I drive an extra 8 mile to a place it’s been $3.25 for over a month .

Feels like it should be falling more



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