Tech Stock to Avoid in July

The Dow closed 209 points lower

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Schaeffer's Market Recap
7/06/2021
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S&P 500 Snaps 7-Day Win Streak While Nasdaq Nabs Another High


By: Laura McCandless

The Dow finished 209 points lower today, as investors eyed dropping bond yields, as well as data from the services sector. The ISM Services purchasing managers' index  (PMI) fell to 60.1% in June from its May record of 64%, which is lower than analysts' expected reading of 63.5%. The S&P 500 closed in the red as well, snapping a seven-day win streak, while the Nasdaq finished modestly in the black to eke out a record close. 

Continue reading for more on today's market, including:

  • Why bulls should hold off on buying Micron stock in July. 
  • Behind MMM's Credit Suisse downgrade
  • Plus, a Covid-19 vaccine update; what's weighing on JD; and the payments stock hit with a bull note. 
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