Nasdaq Surges Over 3%; Powell Industries Shares Spike Higher Imunon, PepGen, Nasdaq, S&P 500, FibroGen, Euro zone, Jim Cramer, Dow Jones index, Powell Industries, Asia Pacific Markets, Microsoft Corporation, U.S. pending home sales, Fiverr International Ltd., U.S. crude oil inventories, Modine Manufacturing Company, Private businesses in the U.S. - by https://www.benzinga.com/

AI Insights:

Simple Explanation:

This article is about how the stock market went up on July 31, 2024. The main reason was that some companies, like Microsoft and Powell Industries, did better than expected with their earnings and sales. This made investors happy and they bought more stocks, which made the prices go up. The article also talks about how different types of companies did well, like technology and health care, and how prices of some commodities, like oil and gold, went up too. Read from source...

Critical Perspective:

1. The article does not mention any of the