From Nasdaq: 2024-07-29 05:47:00

Zacks Investment Ideas highlight Microsoft MSFT, Meta Platforms META, Apple AAPL and Amazon AMZN amid recent market volatility. S&P 500 up 13% despite 6% drawdown in spring. Seasonality suggests potential for strength in August. Second-quarter earnings solid with total earnings expected to rise 9.6% year-over-year.

U.S. stocks rise as inflation eases, PCE index from June matches projections. Core PCE up 2.6% year-over-year, slowest increase in three years. Fed’s next decision on July 31, market pricing in 5% chance of cut. Odds of rate cut jump to 100% at September meeting.

Second-quarter earnings season underway with positive results. Total earnings up 7.6% from last year, revenues have increased by 4.7%. Companies reporting including Microsoft, Meta Platforms, Apple, and Amazon. Small-caps outperforming, market breadth holding up well during recent volatility.

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