Stocks mixed to end huge month as S&P 500 hits new all-time high
Stocks end a big July with the S&P 500 hitting fresh highs, even as GDP slumps in the second quarter. Are stocks setting up for a second half to remember—or to forget? Catch The Final Round at 4 p.m. ET with Yahoo Finance’s Nicole Sinclair, Rick Newman, Justine Underhill and Jared Blikre.
Winners and losers
Stocks in the red today include CBS as ad revenue fell 2.6% from the prior year, Wynn Resorts feeling pain following a Nomura downgrade, and Cigna sliding after reporting an earnings and revenue miss, as well as cutting its full-year guidance.
Stocks in the green today include Alphabet as it reported an increase in users and mobile ad growth, Sony as it surprised the Street with a quarterly profit powered by PlayStation 4 console sales, and AB InBev—the Bud brewer—gaining as SAB Miller’s board recommended that shareholders approve AB InBev’s increased takeover offer.
Is Hillary’s job’s plan a bust?
With both the conventions in the rear-view mirror, the race for 2016 is really heating up. Hillary Clinton delivered her big speech last night, but she left some heads scratching when it came to the jobs picture. Rick Newman explains.
Looking ahead
On Monday morning, we’ll get ISM’s manufacturing index for July. The prior reading saw slight expansion in the manufacturing sector.
On Tuesday, the Commerce Department will release personal income and outlays data for June, which includes the Fed’s preferred method of measuring inflation, the core PCE price index.
And finally on Friday it’s the big one, the non-farm payrolls report for July. In the prior month we saw a huge gain of 287,000 jobs.
