U.S Stock Market Summary – July 3, 2024

Dreamer

Written by Dreamer

On July 3, 2024, the U.S. stock market showed mixed results with the S&P 500 and Nasdaq reaching record closing levels while the Dow ended slightly lower.

  • S&P 500: Closed at 5,537.02, up 28.01 points or +0.51%.
  • Dow 30: Closed at 39,308.00, down 23.90 points or -0.06%.
  • Nasdaq: Closed at 18,188.30, up 159.54 points or +0.88%.
  • Russell 2000: Closed at 2,036.62, up 2.75 points or +0.14%.

The S&P 500 and Nasdaq wrapped up the holiday-shortened session at record levels, indicating strong performance in tech stocks and broader market optimism.

Contents:

Insights:

Stock Performance Overview:

Stock performance overview is as below:

  • Gainers: 3,948 stocks experienced an increase in their stock prices.
  • Losers: 2,594 stocks saw a decrease in their stock prices.
  • Unchanged: 521 stocks remained unchanged in their stock prices.

Overall, the market saw more advances than declines, reflecting positive investor sentiment.

Market Cap Category Distribution:

The market cap breakdown of companies is as below:

  • Micro Cap: These smallest companies form nearly half the market, representing 49%.
  • Small Cap: Almost a quarter of the companies are small caps, accounting for 23%.
  • Mid Cap: Medium-sized companies make up a significant portion, with 16%.
  • Large Cap: Larger companies constitute just over a tenth of the market, at 11%.
  • Mega Cap: The largest companies, or Mega Caps, are rare, making up only 1%.

This distribution highlights the dominance of smaller companies in the market.

Sector-Wise:

Summary of the average trading volume per sector is as below:

  • Technology: Leads with the highest trading volume.
  • Basic Materials: Shows substantial trading activity, closely following Technology.
  • Unknown: Registers the lowest trading volume, indicating minimal trading activity.

Top 10 Traded Technology Stocks:

  • Leader: *NVDA leads with the highest trade volume, significantly higher than the rest.
  • Following Closely: MAXN has substantial volumes but significantly less than NVDA.
  • Bottom of the List: IREN has the lowest trading volume among the top 10.

NVIDIA (NVDA), founded in 1993 and based in Santa Clara, California, leads the technology industry with its advanced graphics processing units (GPUs). The company excels across various markets, including gaming, professional visualization, and artificial intelligence, contributing significantly to advancements in these fields.

Top 10 Traded Basic Materials Stocks:

  • Leader: *VALE stands out with the highest trading volume in the sector.
  • Following Closely: GOLD is second in trading volume but significantly less than VALE.
  • Bottom of the List: AG has the lowest trading volume among the stocks.

VALE (VALE S.A.), founded in 1942, is a Brazilian multinational corporation and one of the world’s largest producers of iron ore and nickel. Based in Rio de Janeiro, VALE operates in over 30 countries and focuses on sustainable mining practices and global logistics.

Top 10 Traded Consumer Staples Stocks:

  • Leader: *KOSS dominates with the highest trading volume in the sector.
  • Following Closely: WBA shows strong trading volumes, but less than KOSS.
  • Bottom of the List: MNST is at the lower end in terms of trading volume among the stocks.

Koss Corporation (KOSS), founded in 1958, is an American company that designs and manufactures high-fidelity headphones. Known for pioneering the personal listening industry, Koss offers a range of audio products including wireless headphones and Bluetooth speakers. The company is headquartered in Milwaukee, Wisconsin.

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