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.

Tuesday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session

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.

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