Market Report Jul 21 2023

Written By Javid Shaik

Equities presented a varied performance in today's trading session. The escalating apprehensions surrounding the prospect of an overheated market in need of rebalancing induced increased selling pressures on TSLA and NFLX, although their Q2 earnings results surpassed expectations. Along with other factors, this exerted substantial downward pressure on the S&P 500 and Nasdaq indices.

The majority of U.S. market indices concluded the trading session in negative territory, and the VIX experienced an uptick, reaching a level close to 14.

Enjoy the weekend.

Javid Shaik

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