NOT FOR REPRINT
Stocks Power Ahead on Tech Rally
By
Janet Levaux
News July 22, 2024 at 03:03 PM
Share & Print
What You Need To Know
- Stocks rebounded after their worst week since April as investors turned their focus to the start of the technology earnings season.
- The S&P 500 rose 1.2%, and a gauge of the Magnificent Seven megacaps rallied 2.7%, led by gains in Tesla and Nvidia.
- The recent outperformance of U.S. small caps, though, is facing technical resistance and a lack of momentum, says Morgan Stanley's Mike Wilson.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
What is the CARES Act employee retention tax credit that was available during 2020 and 2021?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer