{"id":64199,"date":"2023-09-22T12:09:45","date_gmt":"2023-09-22T16:09:45","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/here-are-the-stock-markets-most-notable-winners-and-losers\/"},"modified":"2023-09-22T12:09:53","modified_gmt":"2023-09-22T16:09:53","slug":"here-are-the-stock-markets-most-notable-winners-and-losers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=64199","title":{"rendered":"Here Are The Stock Market\u2019s Most Notable Winners And Losers"},"content":{"rendered":"<div>\n<h2 class=\"topline-heading\">Topline<\/h2>\n<p>Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the year.<\/p>\n<h2>Key Facts<\/h2>\n<div class=\"key-facts\">\n<div class=\"key-facts-element\">\n<p>From June 21 through Friday at 10:30 a.m. EDT, the Dow Jones Industrial Average inched up 0.5%, the S&amp;P 500 declined 0.4% and the tech-heavy Nasdaq fell 1.3%.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>After driving much of the market\u2019s broad gains during 2023\u2019s first half, big tech stocks\u2019 extended slump was the biggest story this summer.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>The \u201cmagnificent seven\u201d tech behemoths\u2014Apple (shares down 5%), Microsoft (down 4%), Alphabet (up 9%), Amazon (up 4%), Nvidia (down 4%), Tesla (down 2%) and Meta (up 8%)\u2014have lost a combined $13 billion in market capitalization since June 21.<\/p>\n<p>  <fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad>\n <\/div>\n<div class=\"key-facts-element\">\n<p>In a similar reversal of fortunes, energy stocks dominated this summer as crude oil prices shot up to 10-month highs while demand for gasoline remains strong: Four of the five best performers on the S&amp;P during the period were oil companies Marathon Petroleum (shares up 41%), Valero (up 34%), Phillips 66 (up 31%) and Halliburton (up 29%), according to FactSet data.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Notable summer winners include Spectrum parent Charter Communications (up 37%), which enjoyed a bump following its high-profile showdown with Disney over carriage fees, regional bank Zions Bancorp (up 23%), which demonstrated resilience in its operations after the failure of its peers, and Warren Buffett\u2019s Berkshire Hathaway (up 7%), which hit a new all-time high after reporting record quarterly operating profits.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Other warm weather losers include Pfizer (down 15%), Disney (down 7%) and Walgreens (down 31%), each of which slid to multiyear lows this summer thanks largely to their respective earnings slowdowns.<\/p>\n<\/p><\/div>\n<\/div>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Surprising Fact<\/h2>\n<p>About a fifth of mutual funds have 40% or more of assets under management invested in the \u201cmagnificent seven,\u201d according to Bank of America research. The S&amp;P is the most concentrated in its five largest constituents by market cap ever, according to the bank, leading to concerns about the overall health of the market.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Key Background<\/h2>\n<p>The summer\u2019s macroeconomic backdrop was a familiar story, with investors continuing to process what an extended period of elevated interest rates will mean for equities. Despite the cooler summer, all three indexes are up significantly year-to-date, paring much of 2022\u2019s losses. Also driving market sentiments recently were the market debuts of Arm, Instacart and Klaviyo, three of the 10 largest U.S. initial public offerings of the last two years.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">What To Watch For<\/h2>\n<p>What the fall and beginning of winter will bring for stocks. The fourth quarter is historically a bumper period for the market, with the S&amp;P rising an average of 5% during the period since 1988.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><\/h2>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/dereksaul\/2023\/09\/22\/summers-over-here-are-the-stock-markets-most-notable-winners-and-losers\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topline Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the year. Key Facts From June 21 through Friday at 10:30 a.m. EDT, the Dow Jones Industrial Average inched up 0.5%, the S&amp;P 500 declined 0.4% and the tech-heavy Nasdaq [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":64200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-64199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here Are The Stock Market\u2019s Most Notable Winners And Losers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Topline Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=64199\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here Are The Stock Market\u2019s Most Notable Winners And Losers | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Topline Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=64199\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-22T16:09:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-22T16:09:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1695398988_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=64199#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=64199\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Here Are The Stock Market\u2019s Most Notable Winners And Losers\",\"datePublished\":\"2023-09-22T16:09:45+00:00\",\"dateModified\":\"2023-09-22T16:09:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=64199\"},\"wordCount\":437,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=64199#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=64199\",\"url\":\"https:\/\/ifintechworld.com\/?p=64199\",\"name\":\"Here Are The Stock Market\u2019s Most Notable Winners And Losers | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-22T16:09:45+00:00\",\"dateModified\":\"2023-09-22T16:09:53+00:00\",\"description\":\"Topline Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=64199#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=64199\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=64199#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here Are The Stock Market\u2019s Most Notable Winners And Losers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Here Are The Stock Market\u2019s Most Notable Winners And Losers | iFintechWorld","description":"Topline Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=64199","og_locale":"en_US","og_type":"article","og_title":"Here Are The Stock Market\u2019s Most Notable Winners And Losers | iFintechWorld","og_description":"Topline Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the","og_url":"https:\/\/ifintechworld.com\/?p=64199","og_site_name":"iFintechWorld","article_published_time":"2023-09-22T16:09:45+00:00","article_modified_time":"2023-09-22T16:09:53+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1695398988_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=64199#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=64199"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Here Are The Stock Market\u2019s Most Notable Winners And Losers","datePublished":"2023-09-22T16:09:45+00:00","dateModified":"2023-09-22T16:09:53+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=64199"},"wordCount":437,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=64199#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=64199","url":"https:\/\/ifintechworld.com\/?p=64199","name":"Here Are The Stock Market\u2019s Most Notable Winners And Losers | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-22T16:09:45+00:00","dateModified":"2023-09-22T16:09:53+00:00","description":"Topline Friday is the last trading session of the summer, concluding a rather cool stretch for the stock market after an unseasonably warm start to the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=64199#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=64199"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=64199#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Here Are The Stock Market\u2019s Most Notable Winners And Losers"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/64199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64199"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/64199\/revisions"}],"predecessor-version":[{"id":64201,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/64199\/revisions\/64201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/64200"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}