Tech Sinks Ahead of Big Earnings
MRKT Matrix - Tuesday, July 30th S&P 500 and Nasdaq fall as tech shares struggle ahead of megacap earnings (CNBC) JetBlue shares surge after surprise profit, $3 billion aircraft spending deferral (CNBC) Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides (CNBC) Merck shares fall 9% despite earnings beat, strong demand for top drugs like Keytruda (CNBC) Great Stock Rotation Hinges on Powell Signaling Rate Cuts Soon (Bloomberg) Solomon Sees Up to Two Fed Cuts in 2024, Reversing Hold Stance (CNBC) --- Subscribe to our newsletter…
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