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US stock market opens: S&P and Nasdaq indexes rise

CoinNetwork
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Crypto market news: The S&P and Nasdaq indexes opened higher, but the Nasdaq’s gain has weakened compared with pre-market levels. Currently, the S&P is up 22 points, a 0.30% increase. The Nasdaq is up 154 points, up 0.61%. Pre-market futures show that the Nasdaq index had once been up by more than 300 points, and the S&P index had risen by more than 30 points. The Dow Jones Industrial Average lagged, but has turned to gains under the push from earnings reports by Goldman Sachs and JPMorgan, and is now up 40 points, up 0.07%. JPMorgan is up 0.78%, Goldman Sachs is up 4.61%, Bank of America is up 1.26%, while Wells Fargo is down 1.81%. A Federal Reserve official, Kevin Warsh, will begin testifying at 10:00 a.m. Eastern time, emphasizing its determination to fight inflation, and saying that future policy decisions will rely on data. Warsh’s testimony follows today’s relatively mild June CPI report; while it eases pressure for rate hikes, it is unlikely to change the Fed’s stance on inflation.
SPX11.40%
NAS1001.50%
GS9.13%
JPM2.55%
BAC1.83%
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SlippageSamurai
· 3h ago
The Dow turned positive with financial stocks leading the rally, while tech stocks lost momentum instead—could this signal a shift in style?
View OriginalReply0
ExitLiquidityPoet
· 3h ago
Back then, Kevin Walsh was the “Eagle King”—when he came out to make a statement, it was more frightening than even Powell.
View OriginalReply0
BlackVelvetBluePeony
· 4h ago
Goldman Sachs up 4.6% is a bit too big—are financial stocks betting on a rate-cut cycle ahead of time?
View OriginalReply0
GateUser-28f37882
· 4h ago
Nasdaq futures fell about 300 points before the open, shrinking by the time trading started—classic “sell the news” play.
View OriginalReply0

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