July 21, 2020

Stocks opened higher this morning, continuing the rally from yesterday, with the DOW and S&P finishing in positive territory. In economic news, U.S. home construction jumped 17.3% in June.

Dow Jones +160 at 26,840

S&P 500 +5 at 3,257

NASDAQ -87 at 10,680

The 10 Year Treasury closed down 1 basis point yielding 0.61%

Oil prices closed up $1.15 ending at $41.96 a barrel

Gold prices closed up $23 ending at $1,841 an ounce

The days’ stock news:

IBM helped drive the DOW higher after the company beat earnings and revenue estimates. this was helped by better-than-expected results in cloud software sales and mainframe revenue.
Starbucks expanded its partnership with China’s Alibaba, with Chinese customers now able to order Starbucks on Alibaba’s marketplace and its mobile app.
Amazon officially delayed its “Prime Day” shopping event, which is usually held in mid-July. The company says the new date will most likely be in early October.