economy
Tuesday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
A sell-off in tech giants and a roughly 5% decline in Alphabet dragged down the S&P 500 and the Nasdaq Composite on Monday.
TL;DR
- Carnival and FedEx are set to report quarterly earnings, with their stocks showing mixed recent performance.
- Amazon Prime Day has been extended to four days and faces decreased consumer participation compared to last year.
- The S&P Communication Services sector, including Netflix, Fox, and Alphabet, suffered significant losses on Monday.
- The S&P Real Estate sector gained on Monday, led by data center companies like Digital Realty Trust and Iron Mountain.
- Cerebras Systems, a chip maker, is also scheduled to report earnings after its recent IPO.