#sp500topsrecord7800 📉📈
STOCKS — TOP 5 SHIFTS (24H)
🏆
RUSSELL 2000 NOTCHES FRESH RECORD to cap the week — the small-cap index closing at an all-time high is a genuine breadth signal, not just mega-cap tech carrying the market. The S&P 500 had closed at a record Thu
rsday, clearing 7,800 for the first time.
#RDDT (Reddit)
⬆️
+15.3% — surged after S&P Dow Jones Indices announced it joins the S&P 500 before the Aug 18 open
#nuls (Nu Holdings)
⬆️
+11% — record Q2, quarterly net income above $1 billion for the first time
#LITE (Lumentum)
⬆️
+6.1% — strong Q4 earnings from the optical/photonic products maker
(Globant)
⬇️
-5.8% — disappointing Q2 from the IT and software development company
(Broadcom)
⬇️
-5.3% — pulled back from recent gains
(Workday)
⬇️
-4.5% — slipped after surging nearly 18% the previous session
Backdrop: softer-than-expected inflation data eased concerns about another Fed rate hike. The S&P has now gained about a quarter from its lows at the end of Q1.
$SPX $ALPINE $T