The major market indexes ended Tuesday on a mixed note.
 | TUE, JUL 06, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 142.02 | +2.06 | +1.47% | | MSFT | 277.66 | +0.01 | +0.00% | | INTC | 56.09 | -0.67 | -1.18% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 142.02 | +2.06 | +1.47% | | F | 14.50 | -0.43 | -2.88% | | GE | 12.92 | -0.44 | -3.29% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 142.02 | +2.06 | +1.47% | | AMD | 94.47 | -0.23 | -0.24% | | MSFT | 277.66 | +0.01 | +0.00% | |
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The major market indexes ended Tuesday on a mixed note. The S&P 500 dropped 0.2%, closing at 4,343.54 – snapping a seven-day winning streak – while the Dow Jones Industrial Average lost 208.98 points. The tech-heavy Nasdaq Composite, however, started the shortened week with a gain of nearly 0.2%.
Tech companies shone, as Apple and Netflix notched gains of 1.4% each. Amazon leapt nearly 4.7% after the U.S. Department of Defense called off its $10 billion JEDI cloud contract with Microsoft. Andy Jassy took the helm as Amazon's CEO on Monday, and Jeff Bezos became the executive chairman of the board.  Just days into the second half, investors are uncertain about where the economy will go next. Market strategists are concerned that the good news may already be priced into the market. To that effect, Goldman Sachs' David Kostin prepared three strategies to get investors through what he expects will be a choppy second half. "The bottom line is that the U.S. economy is booming, but this is now a known known and asset markets reflect it," Morgan Stanley strategist Michael Wilson said in a research note over the weekend. On Wednesday, investors will be eying up the Labor Department's Job Openings and Labor Turnover Survey. The report will have the details on job openings, hires and quits for May. |
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