Apple, Tesla lifts stocks to higher close in light pre-holiday trading

Apple, Tesla lifts stocks to higher close in light pre-holiday trading

By Saeed Azhar, Ankika Biswas and Lisa Pauline Mattackal

Mon July 1, 2024 4:33 PM

Both the Dow and S&P started on a high, the Dow up some 320 points, and then both declined almost immediately to be in the red by 11 a.m.  The Nasdaq started in the red, then gained all day.  The Dow stayed near zero all day to close up modestly, the S&P regained its losses to close at a modest gain.  Apple, Microsoft, Amazon and Tesla were the main drivers in tech today. Manufacturing contracted for a third straight month with prices dropping to a six month low, all good signs for inflation and the market sticking with its bets for 2 rate cuts. There is a whole slew of employment and productivity reports due later this week. Due to the holiday, trading was thin at 10.6 billion. 

DJ: 39,118.86  -45.20         NAS: 17,732.60  -126.08        S&P: 5,460.48  -22.39      6/28

DJ: 39,169.52  +50.66        NAS: 17,879.30  +146.70       S&P: 5,475.09  +14.61     7/1

Mon 7-1-24 4:33 pm Apple, Tesla lifts stocks to higher close in light pre-holiday trading | Reuters