July 29, 2021

July 29, 2021

Stocks moved higher today, with every major index finishing in positive territory. In economic news, the consumer confidence index had a surprise rise of .2 during July.

 

Dow Jones + 154 at 35,085

S&P 500 +18 at 4,419

NASDAQ + 16 at 14,778

 

The 10 Year Treasury closed up 1 basis point yielding 1.27%

Oil prices closed up $1.22 ending at $73.61 a barrel

Gold prices closed up $28 ending at $1,828 an ounce

 

Corporate news:

 

  • Shares of Facebook dropped 4% after the company said revenue growth will slow during the second half of the year as a change in Apple’s privacy policies will hurt Facebook’s ability to target ads.

 

  • Ford shares increased 4% after reporting a surprise profit of 13 cents per share. Ford also said it excepts the chip shortage to improve in the 2nd half of the year and raised its full-year outlook.

 

  • Yum Brands shares moved 6% higher after beating earnings and revenue estimates for its latest quarter. This was helped by a boost from restaurants reopening as well as continued strong demand in online orders.

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