Tuesday, August 8, 2023

Market Recap - August 7 - 11, 2023

August 9, 2023


It is another red performance in the US major index and equities, the sentiment in the last 7 trading sessions is biased to selling, and 6 out of 7 trading days have been on the sell side.

  • SPY -.67%  DIA -.49%  QQQ -1.10%














Earnings mover:



























August 8, 2023


The US stock market slid back to correction mode, and the Technology, EVs, and Industrials sectors are back to correction mode.


  • SPY -.43%  DIA  -.45%  QQQ -.85%



Earnings mover:




 





August 7, 2023


The US stock market snapped from the 4-day losing streak. 

  • DIA +1.13%   QQQ +.85%   SPY +.87%

It is worth noting that despite the equity pullback, the company that has reported strong Q2 '23 earning results continues to rally:






The stocks that have posted weak or disappointed Q2 '23 earnings result continues to slump
and has yet to find support





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