The 13-day winning streak for the Dow was snapped, and the S&P 500 lost 0.6%, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates. The yield on the 10-year Treasury note jumped to 4%.
Key Takeaways
- The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates.
- Royal Caribbean shares surged 8.7% after raising its outlook on higher prices and sales as demand for cruise travel rose.
- eBay shares tumbled 10% after the online marketplace warned competition from other e-commerce sites could impact its current quarter results.
5 S&P 500 Stocks That Posted Gains
Royal Caribbean Group
Shares of Royal Caribbean Group (RCL) added 8% after the cruise line operator posted better-than-expected earnings and raised its outlook on a jump in pricing for short-term bookings and onboard…
