Wednesday, 7 August 2024: Real Estate leads the primary sectors as markets rebound
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Description
US equity markets rebounded amid a broad-based recovery a day after the Dow and S&P 500 registered their sharpest daily losses since 13 September 2022 - Dow rose +294-points or...
show moreThe broader S&P500 +1.04%, with Real Estate (up +2.3%) leading all eleven primary sectors higher. Palantir Technologies Inc jumped +10.38% after reporting a better-than-expected second quarter result and lifted its full-year guidance on strong demand for its Artificial Intelligence Platform (AIP) after the close of the previous session. Royal Caribbean Cruises Ltd rallied +7.51% after JPMorgan analysts labelled the company “best in class” among the cruise lines and raised their full year earnings per share (EPS) forecast to US$11.50 from US$11.43.
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Author | Morgans Financial Limited |
Organization | Morgans Financial Limited |
Website | - |
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