Tech Sector Recovery, Strong Earnings, and Rate-Cut Hopes Drive Stocks Higher

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S&P 500 Top Movers on Friday

The S&P 500 saw some significant movers on Friday, with 3M leading the way with a 23.0% surge in its stock price. The company reported better-than-expected second-quarter profit and sales, prompting a bullish outlook for the full year. Mohawk Industries and Charter Communications also saw impressive gains after beating earnings expectations.

On the flip side, Dexcom experienced a sharp decline of 40.7% after missing revenue estimates and cutting its sales guidance. Biogen and L3Harris Technologies also saw their stock prices drop due to regulatory issues and analyst downgrades, respectively.

Overall, the market saw a mix of positive and negative movements, with investors closely watching the performance of key companies in various sectors. Stay tuned for more updates on the market trends and stock movements.