<h2>Key Highlights</h2> <ul><li>Dow up 0.52%, S&amp;P 500 up 0.40%, Nasdaq up 0.19%</li><li>Chevron In positive form on initial 2 results</li><li>US businesses' activity during July dips as does slowing of services</li><li>Dow is the winner with the longest streak since February 2017</li></ul> <h2>Market Soars: Dow Up, S&amp;P 500 Up, Nasdaq Up!</h2> The Dow Jones Industrial Average (.DJI) has soared to new heights Monday, which marked the longest streak of winning in more than six years.&nbsp;The attention of investors is shifting to other sectors than technology because the coming week will be packed with earnings announcements and the Federal Reserve's meeting scheduled for next week.<h2> </h2><h2>Embracing Diversity in the Market</h2> "What are you seeing right now is the broadening of the market" explained Randy Frederick, managing director of derivatives and trading at the Schwab Center for Financial Research.&nbsp;The investors tend to diversify their portfolios, and looking for opportunities outside of technology, looking to find better deals across the board. <h2>Tech Giants Under Scrutiny</h2> The market is eagerly waiting for the reports on earnings from the tech bigwigs Microsoft (MSFT.O) and Google's owner Alphabet (GOOGL.O) and Meta Platforms (META.O).&nbsp;They will decide if their valuations for stocks are based on the astronomical expectations set for these firms. <h2>Nasdaq's Impressive Rally</h2> The tech-driven Nasdaq Composite Index (.IXIC) has displayed a stunning growth this year, increasing to 34.3 percentage.&nbsp;Companies with huge growth potential, specifically those that are prone to fluctuations in the rise in interest rates, are gaining in response to the optimism surrounding artificial intelligence, as well as the possible ending of the Federal Reserve's tightening process. <h2>Non-Tech Stocks Take the Spotlight</h2> As the Nasdaq is leading the pack through the entire year, investors are seeking bargains in the non-tech sector.&nbsp;Bank and energy stocks have seen a boost because investors are looking for alternative options. <h2>Chevron Gains on Upbeat Earnings</h2> In addition to the Dow's remarkable streak of gains, Chevron (CVX.N) witnessed gains of more than 2.2% following its positive first-quarter earnings on the weekend.&nbsp;This impressive performance by the energy company has increased the confidence of investors. <h2>Economic Activity Slows in July</h2> Despite fears of a slowdown in economic growth the market seems to be presenting optimism.&nbsp;The survey found that in July, U.S. business activity hit an all-time low of five months, mostly caused by a decline of the service industry.&nbsp;There is however an increasing belief that there is an eventual soft landing as well as it is possible to see a more moderate stance by the Federal Reserve. <h2>The Fed's Monetary Policy</h2> It is expected that the Federal Reserve is expected to increase rates to 25 basis points in the next policy-making session on Wednesday.&nbsp;The majority of economists surveyed by Reuters think this is the final hike within the current tightening cycle particularly after the recent reports showing signs of a slowing in inflation. <h2>Market Performance</h2> The Dow Jones Industrial Average (.DJI) finished the session with an rise of 183.55 points which is 0.52 percent, to 35,411.24.&nbsp;The S&amp;P 500 (.SPX) increased 18.3 points in the range of 0.40 percent in the range of 4,554.64 The Nasdaq Composite (.IXIC) increased by 26.06 points equivalent to 0.19 percent, to 14,058.87. <h2>Sector Performance</h2> The sector of energy (.SPNY) has seen significant growth and led nine of the eleven important S&amp;P 500 sectors to move into positive space. <h2>Rise of Mattel and AMC Entertainment</h2> Toymaker Mattel (MAT.O) witnessed a gain of 1.8 percentage due to the fact that the "Barbie" film achieved an unprecedented domestic opening in 2023.&nbsp;In the meantime, AMC Entertainment (AMC.N) saw a dramatic increase of 32.9 percentage following a court ruling that blocked the chain's stock-conversion strategy, thereby protecting shareholders' stakes of the firm. <h2>Chinese Companies' Stock Surge</h2> U.S.-listed stocks of Chinese businesses such as Alibaba and JD.com saw significant increases in the range of 4.5 percent and 3.5 percentages, and 3.5% respectively.&nbsp;The surge occurred after the top executives of these companies have announced changes to their economic policies to boost domestic demand. <h2>Nasdaq's Strategy</h2> To combat "over-concentration" of the Nasdaq 100 benchmark exchange, Nasdaq (NDAQ.O) decreased the share of various companies which comprised nearly fifty percent of Nasdaq 100. <h2>Market Statistics</h2> The number of advancing issues was higher than decliners on the NYSE in an amount of 1.61-to-1 and on Nasdaq it was favored by decliners by 1.09-to-1.&nbsp;The S&amp;P 500 recorded 22 new 52-week records and a brand new low. The Nasdaq Composite recorded 58 new highs and 97 lows. Through diversifying their investment portfolios and taking advantage of opportunities outside the technology sector Investors are creating an enduring market.&nbsp;With the Federal Reserve meeting approaches, everyone's eyes are focused at the direction that will be taken by the policy of monetary and exchange rates, as well as its possible influence on market performance.

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the latest market movements as the Dow surges, drawing investor attention away from the tech industry.

Dow Leads Wall Street Higher as Investors Eye Beyond Tech

Dow Jones Continues to Rise Beyond Tech

It is reported that the Nasdaq 100 Index (.NDX) will soon change its balance, resulting in a mixed result for Wall Street's top firms, according to Reuters.&nbsp;To address the benchmark's "overconcentration," this move is being made by Nasdaq (NDAQ.O) will aim to cut down on the amount of weight held by certain businesses that comprise about half of Nasdaq 100. Nvidia along with Tesla See a few Dips While Alphabet is able to show gains In the wake of the rebalance two giants of technology, Nvidia (NVDA.O) and Tesla (TSLA.O) both suffered a small drop by 1.4 percent and 0.4 percent and 0.4%, respectively.&nbsp;However, Alphabet (GOOGL.O) added about 1% more to its market value. Apple (AAPL.O) as well as Amazon (AMZN.O) remain virtually unaffected. Understanding the Nasdaq 100 Rebalance The Nasdaq 100 is described as a "modified market capitalization-weighted index," wherein companies' weights are determined based on their stock market value.&nbsp;There are also measures implemented to reduce the impact of the biggest stock within the index.&nbsp;The index is comprised of 100 of the biggest firms that trade through the Nasdaq exchange.&nbsp;In the coming changes the investment funds which track this index will have to adjust their portfolios accordingly. Nasdaq 100 will need to modify their portfolios in line with the changes, selling shares of firms that will have their weight cut within the index. Impact on Companies and Passive Outflows Goldman Sachs estimates that the decreasing weights will result in the passive net selling of over a full day's trading volume of GOOGL and more than one-third of the day's trading volume for MSFT, AMZN, and NVDA.&nbsp;J.P. Morgan's strategist for indexes anticipates that passive withdrawals will amount to around $30 billion in mega-caps from. Broadcom's Weight Increase and Stock Surge Broadcom (AVGO.O) will likely to witness its weight rise on the Nasdaq 100 following the rebalance. This will result in an increase of 1.6 percent in the value.&nbsp;The chipmaker currently makes up 2.4 percent of the index according to Refinitiv's statistics. Tech Giants' Influence on the Nasdaq 100 Microsoft, Apple, Nvidia, Amazon, and Tesla are among the major winners of this year's U.S. stock market's recovery this year, which has increased the influence of each company within the Nasdaq 100.&nbsp;As a result that it is no surprise that the Nasdaq 100 has surged by 42% by 2023 and it's Nasdaq 100 Equal Weighted Index (.NDXE) was a lower increase of just 25%. Steady Movement on Friday and Nasdaq's Rebalancing Plan The Nasdaq 100 remained near flat which reflects the cautious mood in the market prior to the reset.&nbsp;Nasdaq was announcing its plans to adjust the index July 7.&nbsp;Additionally, a specific change in the index could occur in the event that the total weight of all companies accounting for greater than 4.5 percent of the index is greater than 48% as per Nasdaq.As it is the case that Nasdaq 100 undergoes a rebalance that will affect major tech firms will have major consequences for the overall growth for the entire index.&nbsp;Investors have been keeping an eye on these changes, anticipating their effect on their portfolios, as well as the general dynamics of markets.

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Wall Street heavyweights find themselves at a crossroads as the Nasdaq 100 undergoes rebalancing. Gain insights into the strategic moves made by influential investors and institutions. Stay updated on the implications of the index rebalance for the broader market. Be prepared to seize opportunities amidst the mixed sentiments of market giants, navigating through this critical phase of the financial landscape.

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Dow Jones Continues to Rise Beyond Tech

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