July’s market has been a rollercoaster, with Tesla and SpaceX together shedding a staggering $1.2 trillion in value — dragging the broader market down. But don’t panic: while Musk’s companies stumble, Apple shines, and Microsoft and Meta climb. The S&P 500 is actually up when weighted equally, meaning most companies are holding steady. Money’s shifting from tech into energy and financials — except in semiconductors, which are tanking, especially memory and equipment makers. The big question? Will this weakness stay isolated, or spread to the wider market?
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