Today in the Market (7/7/2023)

Good Evening! On Friday, the stock market experienced fluctuations, ultimately closing at a lower level. This occurred as investors processed the monthly US jobs report, which is expected to influence the Federal Reserve’s decision regarding interest rates.

The S&P 500 experienced a decline of 0.29%, while the Dow Jones concluded with a decrease of 0.55%. The Nasdaq Composite initially experienced an increase in value during the trading session but ultimately closed below its starting point at 0.13%


Rivian’s (RIVN) shares rose by over 18% on Friday following positive quarterly delivery results, contributing to its ongoing rally in the EV market. On top of that, Rivian’s stock reached a peak of $25.63, its highest value in 2023 increasing by 85% over the past eight trading sessions.

Different company, same story. Rivian reported delivering 12,640 vehicles in the second quarter, surpassing market expectations, due to consistent customer demand. The outcome was consistent with that of Tesla Inc which recently announced its highest-ever quarterly vehicle deliveries. This achievement was driven by various incentives, including price reductions and federal credits provided by the U.S. government.

Did you know… According to Refinitiv, Rivian achieved a record-breaking daily trading volume, with over 180 million shares being traded. The stock is highly favored by retail investors and ranks second in terms of trading activity on Fidelity’s customer platform, following Tesla.


The MSG Sphere, a venue with a total cost of $2.3 billion, located on the Las Vegas Strip, was illuminated in its entirety for the first time on July 4th. It is already anticipated to surpass other prominent landmarks in Las Vegas due to its imposing physical structure and its ability to provide an immersive sensory experience.

How fancy is it? The sphere, standing at a height of 366 feet, has approximately 1.2 million LEDs. These LEDs collectively claim to constitute the largest video screen globally, capable of showcasing a wide range of content. On the fourth of July, the Sphere underwent a transformation, assuming the appearance of a haunting eyeball and an American flag

But wait, there’s more! The interior of the Sphere encompasses a spacious arena with a seating capacity of approximately 18,000 individuals. This multifunctional venue is designed to accommodate a diverse range of events, including concerts, film screenings, and various sporting competitions such as mixed martial arts (MMA) and boxing.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?