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CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange. This is what we are seeing today on TheStreet.
The S&P 500 and Nasdaq were back in the green as Nvidia rallied for the first time in four sessions. Meanwhile, big home price increases in San Diego, New York, Chicago, Los Angeles and Cleveland catapulted home prices to a new record, according to the S&P CoreLogic Case-Shiller Index.
Investors now look ahead to Micron's quarterly results, as well as Chipotle, which will begin trading on a 50-for-1 stock split on Wednesday.
In other news: amazon Prime Day is approaching. The online retailer's attempt to attract shoppers to its site during the slower summer months is scheduled for July 16-17.
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Inflation-wary shoppers are expected to flock to the site, where they can find discounts of up to 73% on some items. amazon says millions of products will see price cuts, including brand-name items from Clinique, Kiehl's, KitchenAid and even Coach bags.
There will also be pre-Prime Day sales before the main event. But, of course, there is a caveat. While all of these deals are open to all shoppers, the best deals are reserved for amazon Prime members, who pay a monthly fee of $15.
Expectations are high after last year's record-breaking Prime event. amazon sold 100,000 items every minute during the two-day sale, raking in more than $2.5 billion in sales.
That will be enough for your daily report. From the New York Stock Exchange, I'm Conway Gittens of TheStreet.
Related: amazon Prime Day 2024 dates are official and you can now buy these 8 incredible offers with up to 73% off
