It was another big day on Wall Street. The three major indexes (^DJI,^GSPC, ^IXIC) closed higher, with the S&P 500 logging its 37th record close of 2024.

One of the big reasons for the stock market gains this year has been the continued strength of megacap tech names. Allspring senior equity portfolio manager Margie Patel tells Market Domination Overtime that she's sticking with those names because she doesn't see that trend ending anytime soon.

Costco (COST) made waves after the close, announcing it will raise its membership fees for the first time since 2017. Gold Membership prices will increase by $5 to $65 starting September 1, 2024.

Amazon's (AMZN) 2024 Prime Day sales kick off next week. Visible Alpha telecom sector analyst Melissa Otto explains why this year's event could be a big deal for the tech giant.

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