eToroInvestment @eToroInvestment: "🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹..."

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🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹 $SPX500 Hits Another New High The S&P 500 reached a new high on Wednesday, closing above 5,600 for the first time, and the 37th record close this year. The index rose 1.02% to 5,633.91, driven by semiconductor stocks, including $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR), $QCOM (Qualcomm Inc), $AVGO (Broadcom Inc), and $NVDA (NVIDIA Corporation), while the Nasdaq Composite and Dow Jones also hit record highs. 🔹CPI Reading Ahead - What to Expect A key inflation report is due today, and traders are increasingly confident in a Fed rate cut. Economists expect June CPI to rise 0.1% month-over-month and 3.1% year-over-year, with core CPI forecasted at 0.2% monthly and 3.4% yearly. Following Federal Reserve Chair Jerome Powell's recent testimony, the market anticipates potential rate cuts as inflation and economic growth show signs of cooling. 🔹 $TSM Taiwan Semiconductor Manufacturing Company saw a 40% revenue growth in Q2, driven by AI demand, hitting NT$673.5bn ($206.4bn). Despite exceeding estimates, shares fell Wednesday. TSMC supplies advanced chips to $AAPL (Apple) and $NVDA , boosting its market cap recently. 🔹 $BTRW.L (Barratt Redrow PLC) UK housebuilder Barratt's stock dropped 3% Wednesday after setting aside £130m for legacy building issues and fire safety. Full-year guidance is 7% below consensus. Barratt completed 14,004 houses, down from 17,206 last year. 🔹 $LZ (Legalzoomcom Inc) LegalZoom.com shares fell over 25% after CEO Dan Wernikoff's departure and a reduced revenue outlook. Chairman Jeffrey Stibel is now CEO. Full-year revenue is expected between $675 million and $685 million, down from $700 million to $720 million. 🔹 $MANU (Manchester United) Manchester United shares rose 5.6% after reporting Q3 earnings for fiscal 2024. Despite a revenue drop to 136.7 million euros from 170 million euros last year, full-year revenue is expected to near the higher end of guidance at 660 million euros. 🔹 $TEVA (Teva Pharmaceutical Industries ADR) Teva Pharmaceutical Industries shares popped after Argus upgraded Teva to buy from hold, citing a robust pipeline. UBS, which also rates Teva a buy, raised its price target by $2 to $24 per share. ⚠️Please note, this is not investment advice. ⚠️Past performance is not indicative of future results.