CNBC Squawk July 2, 2024
Big tech earnings. First, stocks struggling to stay above the flat line the s p 500 up 0. 2 . Weighed down by banks and other older economy areas. The nasdaq outperforming up 0. 9 right now. Relief rally in amazon after some relatively reassuring results from the company last night. Tech also finally getting a bid after its been down more than 2 for the nasdaq this week its a painful week if youre in tech, even though fundamentally the big tech earnings havent been bad. It was a little reveal of how crowded the stocks had gotten and, perhaps, how much faith had been placed in them that they we...