July 28, 2021

July 28, 2021

Stocks finished the day mixed with the NASDAQ moving higher, while the DOW and S&P both dropped lower. In economic news, durable goods orders increased 0.8% during June, less than the expected 2.1% increase.

 

Dow Jones -128 at 34,930

S&P 500 -1 at 4,401

NASDAQ +102 at 14,673

 

The 10 Year Treasury closed up 3 basis points yielding 1.26%

Oil prices closed up $0.56 ending at $72.21 a barrel

Gold prices flat ending at $1,800 an ounce

 

Corporate news:

 

  • Shares of Boeing increased 4% after reporting a surprise profit, along with revenue exceeding estimates. this was helped by higher jet deliveries and stronger results from Boeing’s defense and global service operations.

 

  • Spotify shares dropped 6%, despite beating quarterly earnings and revenue estimates. this drop is due to Spotify saying its monthly active user numbers fell below prior guidance.

 

  • Microsoft beat earnings and revenue estimates for its latest quarter. This was helped by strong growth in Microsoft’s cloud computing business.

Daily Updates

September 20, 2.

Stocks opened the week lower, with the DOW, S&P, and...

September 17, 2.

Stocks fell today as traders continued to digest a slew...

September 16, 2.

Buy the dip has been a good strategy over the...

Monthly Updates

7 Month Winning.

The S&P 500 was on a 6-month 18% winning streak...

Six Straight Mo.

July has historically been the best month of the year...

Best First Half.

Monthly Market Recap - June June is traditionally a very...

Stay up to date with our newsletter