• Evening Market Recap - Wednesday, 24-Jul

  • Jul 24 2024
  • Length: 6 mins
  • Podcast

Evening Market Recap - Wednesday, 24-Jul By cover art

Evening Market Recap - Wednesday, 24-Jul

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  • Summary

  • US equities finished down in Wednesday trading, with the Dow Jones, S&P500 and Nasdaq falling 125bps, 231bps, and 364bps respectively. Today marked the Largest S&P decline since Dec-22; and the Nasdaq logged its worst daily performance since Oct-22. Disappointing big-tech earnings takeaways were a major overhang on sentiment. July composite flash PMI was in line. June new-home sales were well below consensus. June US Architecture Billings Index (ABI) increased to 46.4 from 42.4 in May.
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