Wednesday, 7 August 2024: Real Estate leads the primary sectors as markets rebound

Aug 7, 2024 · 6m 11s
Wednesday, 7 August 2024: Real Estate leads the primary sectors as markets rebound
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...

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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 +0.76%, clawing back some of the previous session’s -1,033.99-points or -2.6% tumble.
The 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
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