Gold Just Hit Another Record. This Junior Could Be Next.

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

S&P 500 Hits Record Highs, Eyes 6th Straight Gain As Powell Keeps Bears At Bay; Tesla Targets 10th Consecutive Win, Bank Stocks Rally: What's Driving Markets Tuesday?

Piero Cingari
July 09, 2024

The S&P 500 index climbed to new all-time highs, rising 0.3% during Tuesday’s session, aiming for a potential sixth consecutive positive close and remaining resilient after Fed Chair Jerome Powell‘s testimony before the Senate Banking Committee.

Powell used both hawkish tones – stating that it is not yet appropriate to cut rates until greater confidence on the 2% target is achieved – and dovish tones, noting recent progress and warning that a weakening labor market could be a significant factor for a rate cut.

Markets are looking ahead with confidence to the upcoming June inflation report, due this Thursday, which could solidify the already high expectations for a rate cut in September.

Financials were the top-performing sector on Tuesday, after Reuters reported that the Federal Reserve is considering revising a key rule that could save the nation's largest banks billions in capital.

Investors also anticipate the upcoming banking sector earnings report with three major banks – JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC) – set to announce results on Friday.

Commodities were broadly softer, likely impacted by the second consecutive surge of a broader U.S. dollar basket and rising Treasury yields. Natural gas rose again by over 1% following supply disruptions caused by Hurricane Beryl.

Bitcoin (CRYPTO: BTC) rose 1.8% to $57,800.

Elsewhere, French stocks, as tracked by the iShares MSCI France Index Fund (NYSE:EWQ), tumbled 1.6%, reflecting negative investor sentiment after left-wing parties’ election gain.

Tuesday’s Performance In Major US Indices, ETFs

Major IndicesPrice1-day %chg
Dow Jones39,474.270.3%
S&P 5005,590.710.3%
Nasdaq 10020,465.040.1%
Russell 20002,040.200.0%
Updated at 1:05 PM ET

According to Benzinga Pro data:

  • The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.3% higher to $557.01.
  • The SPDR Dow Jones Industrial Average (NYSE:DIA) was 0.4% higher to $394.89.
  • The tech-heavy Invesco QQQ Trust (ARCA: QQQ) was up 0.1% to $497.83.
  • Sector-wise, the Financials Select Sector SPDR Fund (NYSE:XLF) outperformed, up by 1.4%, while the Technology Select Sector SPDR Fund (NYSE:XLK) lagged, falling 0.4%.

Tuesday’s Stock Movers

  • Tesla Inc. (NASDAQ:TSLA) rose about 4%, eyeing the 10th straight day of rally and topping gains within mega-cap stocks.
  • Citigroup Inc., Goldman Sachs Inc. (NYSE:GS) and Bank of America Corp. (NYSE:BAC) each rallied by about 2.7%, and JPMorgan rose 1.8%, in response to the positive news on potentially lower capital buffer requirements.
  • Semiconductors weakened across the board Tuesday. Industry giants such as Arm Holdings plc (NYSE:ARM), Broadcom Inc. (NYSE:AVGO) and Advanced Micro Devices Inc. (NASDAQ:AMD) fell by about 2% each.
  • Incyte Corp. (NASDAQ:INCY) and Vestis Corp. (NYSE:VSTS) saw their shares rise by over 4.5% and 7%, respectively, following the announcement of their earnings report dates on July 30 and Aug. 7.
  • Albemarle Corp. (NYSE:ALB) fell 6.7%, on track to achieve lows last seen in October 2020, as lithium prices continue to ease.

Read Next:

Image created using artificial intelligence via Midjourney.

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Bitcoin, Ethereum, XRP, Dogecoin Dip, But Trader Says Everything's Going According to Plan

Major cryptocurrencies are dipping on Thursday morning as market participants wait for an announced phone call between President Donald Trump and China’s president Xi Jinping.

Are Gold ETFs Really A Hedge During A Geopolitical Crisis? Here's What To Check Before Investing

Gold ETFs may not provide true crisis protection, as differences in storage, redemption rights, and derivative use can affect their effectiveness.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Regeneron Pharma Shares Rise Over 3% After Key Signal

A significant trading signal occurred for Regeneron Pharma stock at a price of $501.83, after which REGN rose up to 3.2%.

Confusion on sensor plane's abilities delayed response in Ohio train derailment, report says

A specialized plane equipped with advanced sensors that the government deploys to chemical disasters could have helped authorities avoid needlessly blowing open five rail tank cars and burning their toxic contents after the , a new report says.

This Move Won't Stay Quiet for Long - Ad

They just made a $100M bet on blockchain. Early insiders are already circling.

Dogwifhat Is Outperforming Dogecoin, Shiba Inu Tuesday Morning: What's Going On?

Dog-themed cryptocurrency Dogwifhat (CRYPTO: WIF) was trading higher early Tuesday morning, outgaining cryptocurrency heavyweights.

How Prime Video's 'Burn Bar' is changing the way we watch NASCAR

NASCAR fans have grown accustomed to seeing speed, throttle and braking on broadcasts for years. There has been one measurement, though, that has eluded networks and viewers for years.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Dr Reddy's And Alvotech Join Hands To Develop Biosimilar For Merck's Blockbuster Cancer Drug

Alvotech and Dr. Reddy's will co-develop a biosimilar to Keytruda, aiming to expand global access to cancer treatment alternatives.

Trump-Branded Crypto Wallet Project Suspended Amid Internal Dispute, Says Eric Trump

The official Donald Trump meme coin project has abandoned its plans to introduce a Trump-branded cryptocurrency wallet. The announcement was made by Eric Trump following a conflict within the World Liberty Financial project, which is managed by the president’s sons.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Stock Of The Day: Is Palantir Breaking Out Again?

Shares of Palantir (PLTR) may be on the verge of another breakout. This means they may be about to make a rafid move higher.

Elon Musk Scrubs His Social Media of Trump-Related Posts Amid Public Feud

In the latest development in their public feud, Elon Musk has taken down a series of social media posts that were critical of President Trump.

Solana-Backed Company Goes All In - Ad

A quiet $100M move could turn this overlooked firm into a blockchain market leader.

Asia shares climb after China and the US say they have a framework for seeking a trade deal

TOKYO (AP) — Asian shares mostly rose Wednesday after . said they had reached agreement on a framework for following up on the trade truce reached last month in Geneva.

Donald Trump Jr. Says Crypto Was A Lifeline After Being Debanked: 'We Got Into It Out Of Necessity'

Donald Trump Jr. discusses family's move to cryptocurrency out of necessity due to loss of traditional banking access after entering politics.

"Work Is the New Retirement"-Don't Let That Be You - Ad

Social Security's failing. Inflation's rising. And retirees are being forced back to work. That's why I created a new strategy: "AI Royalties." Backed by Trump's $500B plan, it's helping Americans collect up to $4,290/month in second retirement income. My short video explains how.

Private Japanese lunar lander heads toward a touchdown in the moon's far north

A private lunar lander from Japan is , aiming for a touchdown in the unexplored far north with a mini rover.

FDA to offer faster drug reviews to companies promoting 'national priorities'

WASHINGTON (AP) — U.S. regulators will begin offering faster reviews to new medicines that administration officials deem as promoting “the health interests of Americans,” under a new initiative announced Tuesday.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Ron Desantis Takes A Dig At California, Says State Officials Living In A 'Leftist Information Bubble' Amid Unrest — Spring Break Crackdown A Model Response, Says Florida Governor

Florida Governor Ron DeSantis criticized California officials for their handling of unrest, using Miami Beach as an example. This adds to tensions between DeSantis and Governor Gavin Newsom. DeSantis has not addressed Newsom's claim that he regrets running for president. Lawmakers' investments can be tracked with an easy-to-use tool.

Dogecoin Drops Over 9% On Friday Morning: What's Going On?

Dogecoin (CRYPTO: DOGE) tumbled 9.14% to $0.1726 on Friday as a public dispute between President Donald Trump and Tesla Inc.

A Bold Pivot Into Solana Is Here - Ad

This quiet NASDAQ company just made a move insiders say could be the next big crypto proxy.

Boeing's Air Force One Overhaul Delayed Again As Workforce Woes, Design Failures And Security Bottlenecks Mount, GAO Reports

The Boeing Co. (NYSE: BA) Air Force One replacement program remains years behind schedule and billions over budget as workforce challenges and design complications continue plaguing production, forcing President Trump to acquire a $400 million backup aircraft from Qatar.

Steve Jobs Would 'Have Fired Everyone': Apple's Liquid Glass In iOS 26 Gets Roasted Online — Dan Ives Calls WWDC 2025 A 'Yawner'

Apple's new "Liquid Glass" design in iOS 26 is facing backlash for prioritizing aesthetics over usability, with critics — including investor Ross Gerber — suggesting Steve Jobs would have never approved the change.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

US and Europe trade negotiators discuss tariffs in Paris

PARIS (AP) — Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

CNN correspondent and crew detained and escorted from Los Angeles protest zone

LOS ANGELES (AP) — Police detained a CNN correspondent and crew reporting on protests against immigration raids in Los Angeles, calling into question whether law enforcement has been targeting journalists trying to cover the demonstrations after two other journalists were hit by rubber bullets.

DraftKings (DKNG) Stock Rises As Rival FanDuel Announces Illinois Betting Fee

FanDuel is adding a new betting fee, responding directly to a new Illinois tax. DraftKings stock rises as bettors may now switch to avoid its rival's fee.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Trump Condemns 'Targeted Attack' On Minnesota Democratic Lawmakers: 'Terrible Shooting'

In the wake of a politically motivated shooting in Minnesota, President Donald Trump has released a statement expressing his concern. The attack was directed at two Democratic lawmakers.

This US Cannabis Company Did What None Of Its Peers Could In Q1: Grow

Green Thumb (GTI) stood out in Q1 2025 as the only Tier 1 cannabis company to post growth, per a new report from Zuanic & Associates.

This Move Won't Stay Quiet for Long - Ad

They just made a $100M bet on blockchain. Early insiders are already circling.

Platinum's Technicals Show More Upside, As Valterra Makes A Strong Debut

The WPIC forecasts a near one-million-ounce supply shortfall this year, citing steady demand from the automotive sector, industrial users, and ETFs, whose holdings are now at a 10-month high.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service