Tech and Healthcare Stocks Drive Market Higher, Crypto Currencies Decline - NYSE News Report

Published / Modified Jul 05 2024
Goran Soko / CSIMarket.com Contributer

In a positive turn of events, the market was in the green on Friday, July 5th, 2024, following gains on Thursday.
The Technology sector saw a 0.65% increase, while the Healthcare sector rose by 0.44%. Notably, stocks in the Internet Services and Social Media industry surged by 4.33%, with Meta Platforms Inc (META) jumping by 5.82% and Alphabet Inc (GOOGL) by 2.55%.
Investors were eagerly awaiting the U.S.
Department of Labor report on Employment Situation for June 2024, which had an impact on market movements.
Additionally, companies that reported financial results, such as Sifco Industries Inc, were closely watched.

Some of the top-performing stocks included Sendas Distributor S.a (ASAI) with a 10.67% increase, Macy's Inc (M) with a 9.59% rise, Meta Platforms Inc (META) with a 5.82% surge, and Baxter International Inc (BAX) with a 5.52% gain.

On the flip side, the cryptocurrency market experienced a downturn, with Bitcoin trading 5.51% lower and Ethereum (ETH-USD) declining to $2985.2986.
The worst performing cryptocurrencies of the day were Celsius (CEL-USD) with a 43.16% decrease, Band Protocol (BAND-USD) with a 23.90% drop, Golem (GLM-USD) with an 18.77% decline, Loopring (LRC-USD) with an 18.58% decrease, Bitcoin SV (BSV-USD) with a 17.65% fall, and UMA (UMA-USD) with a 17.39% drop.

Overall, it was a day of mixed fortunes for traders and investors, with highs in certain sectors and lows in others shaping the market trends.
Stay tuned for more updates on the latest market movements and developments.


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