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Symbols
Symbols
Price
Change
% Change
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Open
High
Low
Volume
Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
+1.36%
3,854.81
+51.85
+1.36%
3,802.963,806.563,860.743,803.54
SIXC
Communications
SIXC
Communications
SIXC
+1.29%
583.63
+7.45
+1.29%
576.18576.18585.49576.18
SIXRE
Real estate
SIXRE
Real estate
SIXRE
+1.13%
220.95
+2.47
+1.13%
218.48218.48221.90218.48
SIXR
Staples
SIXR
Staples
SIXR
+0.76%
865.38
+6.49
+0.76%
858.89861.44870.21861.44
SIXB
Materials
SIXB
Materials
SIXB
-0.41%
1,112.66
-4.62
-0.41%
1,117.281,116.641,119.911,111.41
US market summary
The S&P 500 and Nasdaq Composite advanced significantly, with the broad-market index reaching a fresh all-time intraday high above the 7,800 threshold. Investor optimism was bolstered by July's producer price index data, which came in unchanged month-over-month, beating economist forecasts and fueling expectations that the Federal Reserve may refrain from imminent interest rate hikes.
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Cisco Systems selloff drags Dow Jones into the red despite wider market rally
While tech-heavy indexes surged, the Dow Jones Industrial Average diverged and slipped into negative territory. The blue-chip index was primarily weighed down by an 8% to 9% drop in Cisco Systems shares, as investors engaged in profit-taking over future margin worries despite the networking giant beating quarterly performance estimates.
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Crude oil prices decline amid cooling global demand expectations
Brent crude and West Texas Intermediate futures both fell by approximately 2%, trading down to around $87 and $81 per barrel, respectively. The retreat broke a multi-session streak of gains as market participants weighed projections of weaker global demand and higher domestic inventories against ongoing geopolitical tensions involving the U.S. and Iran.
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Pershing Square enters Netflix with substantial stake as retail stocks face mixed earnings
Shares of Netflix gained ground after Bill Ackman's firm disclosed a notable position in the streaming platform, declaring it the definitive winner of the industry. Conversely, consumer luxury brand Tapestry saw its shares plummet by roughly 14% to 15% due to a weak outlook for annual revenue growth.
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