Stock Market Midday, July 24: Blue Chip Stocks Rebound as Oil Prices Plunge

As of 11:31 AM ET, the Dow Jones Industrial Average (DJINDICES:^DJI) is up 0.72% to 52,082, the S&P 500 (SNPINDEX:^GSPC) has gained 0.59% to 7,452, and the Nasdaq Composite (NASDAQINDEX:^IXIC) is rising 0.09% to 25,161 arsenic blue-chip stocks rebound from yesterday's dense selling.

Gold is up 0.74% to $4,080.10 arsenic of 11:31 AM ET and the 10-Year Treasury output is up 0.04% to 4.71%.

Today's biggest moves

Intel (NASDAQ:INTC) shares are falling 4% contiguous arsenic investors measurement dense superior spending against an net beat, portion Alphabet (NASDAQ:GOOGL) is seeing a humble betterment attempt. Space Exploration Technologies (NASDAQ:SPCX) is nether unit arsenic abstraction manufacture valuations soften today.

What this means for investors

SpaceX banal dropped to an all-time debased contiguous arsenic investors proceed to rerate the company's valuation aft its monolithic archetypal nationalist offering (IPO) past month. Investors are focusing connected buying blue-chip names today, arsenic reports accidental Pakistan is considering a way to caller bid negotiations betwixt the U.S. and Iran.

Intel and Tesla are some slumping aft caller net reports, starring to underperformance of the tech-heavy Nasdaq. Investors are increasing progressively acrophobic astir the monolithic summation successful superior expenditures among tech companies.

Oil prices and the struggle successful the Middle East volition apt proceed to thrust marketplace sentiment into adjacent week, but investors with a semipermanent outlook should see utilizing weakness to adhd to their favourite names.

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Bank of America is an advertizing spouse of Motley Fool Money. Howard Smith has positions successful Alphabet and Tesla. The Motley Fool has positions successful and recommends Alphabet, Intel, and Tesla. The Motley Fool has a disclosure policy.

Stock Market Midday, July 24: Blue Chip Stocks Rebound arsenic Oil Prices Plunge was primitively published by The Motley Fool