Daily Newsletter | July 26, 2023

TLDR

MARKET RECAP → Stocks finished mixed in a fairly choppy trading day Wednesday after the Fed decided to raise rates another 0.25% as expected. As for what’s to come, Fed Chair Powell gave no indication about which way he’s leaning for the September meeting, flexing his poker face and leaving markets little changed on the day. ?

? ALPHABET SOARS → Thanks to a revenue boost from successful Google search advertising.

? BIG BANKS EMBRACE BLOCKCHAIN → In order to revolutionize Wall Street’s operations and boost efficiency.

Sean Horgan

Head of Investor Relations @ MoneyLion

$shorgan

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Today’s S&P 500 Heatmap

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Source: finviz.com

Check out our own Jeff C. with a recap of last week’s Bull vs. Bear matchups! ??

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Today’s Top News

GOOGLE’S SEARCH ADVERTISING DOMINANCE

? The company’s Q2 earnings exceeded expectations, as businesses flocked to Google’s (GOOGL) ad platform for maximum exposure.

? Google’s advertising dominance played a crucial role in driving Alphabet’s stellar performance, as the pandemic-induced shift to online activities continues to fuel ad spending.

? Alphabet’s strategic focus on advertising proves yet again to be a winning bet, expect more growth and potential opportunities in the digital ad space.

Source: shutterstock

BLOCKCHAIN REVOLUTION: BIG BANKS EMBRACE THE FUTURE OF FINANCE

? JPMorgan (JPM) and other major banks explored blockchain’s potential to streamline transactions, enhance security, and cut costs.

? The decentralized nature of blockchain technology promised greater transparency and trust, attracting financial giants to adopt this game-changing innovation.

? As blockchain adoption spreads, we can expect a large shift in the traditional banking landscape, paving the way for more seamless and secure financial services.