Yahoo Finance Daily
Nasdaq slips, Dow ekes out 10th day of gains
Fri Jul 21 2023Description
Stocks finished near where they started Friday as the Dow eked out a tenth day of gains and tech stocks rebounded somewhat as investors assessed the second quarter-earring season so far. The Federal Trade Commission has paused its in-house legal challenge to stop Microsoft from acquiring Activision Blizzard, clearing another obstacle to Microsoft's $69 billion agreement. Next focus is on the Federal Reserve's policy decision next week, centered on the chances of the U.S. economy avoiding a severe slowdown. American Express stock fell more than 4% during Friday's trading session as its quarterly revenue came up short of analyst expectations.
Insights
Tech stocks rebounded
Tech stocks rebounded somewhat as investors assessed the second quarter-earring season so far.
Microsoft's acquisition of Activision Blizzard
The Federal Trade Commission has paused its in-house legal challenge to stop Microsoft from acquiring Activision Blizzard, clearing another obstacle to Microsoft's $69 billion agreement.
Focus on Federal Reserve policy decision
Next focus is on the Federal Reserve's policy decision next week, centered on the chances of the U.S. economy avoiding a severe slowdown. Markets are betting a Fed rate hike at next week's FOMC meeting is all but certain with a probability of nearly 99% according to CME FedWatch tool.
American Express stock performance
American Express stock fell more than 4% during Friday's trading session as its quarterly revenue came up short of analyst expectations.
Chapters
- Stocks and Tech Rebound
- Microsoft's Acquisition of Activision Blizzard
- Federal Reserve Policy Decision
- American Express Stock Performance
Stocks and Tech Rebound
00:00 - 04:06
- Stocks finished near where they started Friday as the Dow eked out a tenth day of gains and tech stocks rebounded somewhat as investors assessed the second quarter-earring season so far.
- The Dow Jones industrial average closed up slightly above the flat line, just over 3 points higher or about 0.01 percent.
- The S&P 500 also changed up while the NASDAQ composite fell about 0.2%.
Microsoft's Acquisition of Activision Blizzard
00:00 - 04:06
- The Federal Trade Commission has paused its in-house legal challenge to stop Microsoft from acquiring Activision Blizzard, clearing another obstacle to Microsoft's $69 billion agreement.
Federal Reserve Policy Decision
00:00 - 04:06
- Next focus is on the Federal Reserve's policy decision next week, centered on the chances of the U.S. economy avoiding a severe slowdown.
- Markets are betting a Fed rate hike at next week's FOMC meeting is all but certain with a probability of nearly 99% according to CME FedWatch tool.
American Express Stock Performance
00:00 - 04:06
- American Express stock fell more than 4% during Friday's trading session as its quarterly revenue came up short of analyst expectations.