Market optimism for potential September rate cut drives Dow up for fourth week

From Investing.com: 2024-07-26 16:21:56

The Dow surged for a fourth straight week on positive earnings reports and cooling inflation data. Market optimism for a September rate cut fueled dip-buying in tech stocks. Major tech earnings from Microsoft and Apple are on the horizon, with a spotlight on Microsoft’s cloud business. Beyond AI, investors will focus on capex trends and Office growth. 3M, Bristol-Myers Squibb, and Deckers impressed with strong earnings, while DexCom faced a steep decline after cutting its revenue forecast. Market dynamics and company performances are driving investor sentiment.



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