Here's your summary from S&P Closes Above 5,500 in Record-Breaking Run | Bloomberg: The Close 7/02/2024 (https://www.youtube.com/watch?v=RQJsFk2mEO0) on the Bloomberg Television channel:

### TLDR:

The S&P closed above 5,500 in a record-breaking run, with low volatility and high market highs.

### Key Points:

1. Tesla and Rivian saw stock gains after reporting better-than-expected car deliveries.

2. Paramount Global is in talks to sell its TV network, sparking interest from potential buyers.

3. Analysts are cautious about investing in mature brands like Gap, favoring companies with proven track records of growth.

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