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U.S. Markets Rise After Struggling to Find its Footing at the Open

July 31, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. markets were in the green at midday Friday after struggling to find their footing at the open. Initial cheers over the strong jobs report were muted by worries the Fed would raise rates sooner than later. Financials were spiking on the potential early rate increase. JPMorgan (JPM) was the blue chips’ best performer. Bank of America (BAC) and Citigroup (C) were also posting impressive gains. Shares of GoPro sank after warning its current quarter will be weaker than Wall Street’s expectations. Earnings results pushed internet stocks to make big moves. LinkedIn (LNKD) and Twitter (TWTR) were trading significantly to the upside after beating estimates. On the flip side, Pandora (P) is plummeting sharply after missing its fourth quarter on both the top and bottom lines.

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