MARKET RECAP → The S&P 500 (VOO) experienced a decline Tuesday as investors grappled with a series of corporate earnings reports and evaluated a new set of economic data. The Dow (DIA) had a slight gain after it touched its highest level since February 2022. Bitcoin closed the day at +0.39% while the 10Y Treasury edged back above the psychologically important 4% level.
🚗 UBER SUCCESS (?) → UBER (UBER) reports Q2 2023 earnings topping analyst expectations by a wide margin, delivering its first-ever operating profit. However, shares fell -6% on the day … proving that Wall Street can be a tough crowd!
📊 JOB MARKET THRIVES! → Layoffs drop, openings rise – June 2023 report reflects robust labor market recovery!