The S&P 500 briefly breaks 4,000

This latest bear-market rally is looking pretty good. It’s the second-best rally of this bear market. Here’s a list of the others.

The S&P 500 briefly broke above 4,000 this morning. Earnings are still the big story. Facebook is down over 5%. Verizon is off by more than 6% after it missed by a penny per share. Shares of Snap are down 36% today after another terrible earnings report.

Yesterday’s jobless claims report rose to 251,000. I wouldn’t say that’s a higher number, but it’s certainly a trend of higher claims. This may show up in the official jobs report soon.

Posted by on July 22nd, 2022 at 11:02 am


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